Omnicom Group Inc. (NYSE:OMC) Position Reduced by National Pension Service

National Pension Service decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 398,718 shares of the business services provider’s stock after selling 26,312 shares during the quarter. National Pension Service owned 0.20% of Omnicom Group worth $34,306,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Shayne & Jacobs LLC grew its position in Omnicom Group by 1.7% in the fourth quarter. Shayne & Jacobs LLC now owns 33,881 shares of the business services provider’s stock worth $2,915,000 after buying an additional 550 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its position in Omnicom Group by 7.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,302 shares of the business services provider’s stock worth $284,000 after buying an additional 216 shares during the last quarter. Advisor OS LLC grew its position in Omnicom Group by 114.4% in the fourth quarter. Advisor OS LLC now owns 8,559 shares of the business services provider’s stock worth $736,000 after buying an additional 4,567 shares during the last quarter. Denali Advisors LLC grew its position in Omnicom Group by 158.1% in the fourth quarter. Denali Advisors LLC now owns 5,714 shares of the business services provider’s stock worth $492,000 after buying an additional 3,500 shares during the last quarter. Finally, Vaughan David Investments LLC IL grew its position in Omnicom Group by 1.1% in the fourth quarter. Vaughan David Investments LLC IL now owns 446,076 shares of the business services provider’s stock worth $38,380,000 after buying an additional 4,950 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.2 %

Omnicom Group stock opened at $82.75 on Friday. The company’s fifty day simple moving average is $84.86 and its 200-day simple moving average is $94.83. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $80.31 and a 12 month high of $107.00. The stock has a market cap of $16.26 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the company posted $2.20 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent research reports. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.25.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.