Teachers Advisors LLC decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,145 shares of the business services provider’s stock after selling 32,916 shares during the quarter. Teachers Advisors LLC owned 0.18% of Omnicom Group worth $29,507,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in Omnicom Group during the fourth quarter worth about $104,000. MUFG Americas Holdings Corp lifted its position in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after purchasing an additional 847 shares during the period. Tower Research Capital LLC TRC bought a new stake in Omnicom Group during the fourth quarter worth about $199,000. Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group during the third quarter worth about $205,000. Finally, Oak Point Wealth Management bought a new stake in Omnicom Group during the fourth quarter worth about $219,000. 98.62% of the stock is owned by institutional investors and hedge funds.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the completion of the transaction, the treasurer now owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.
Omnicom Group (NYSE:OMC) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.21 billion. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. sell-side analysts forecast that Omnicom Group Inc. will post 5.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s payout ratio is 51.72%.
Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Omnicom Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Wells Fargo reaffirmed a “hold” rating and set a $80.00 price objective on shares of Omnicom Group in a research report on Friday, February 16th. Pivotal Research cut their price objective on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. BMO Capital Markets raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $90.00 in a research report on Friday, February 16th. They noted that the move was a valuation call. Finally, Macquarie raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and an average target price of $82.69.
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About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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