Retirement Systems of Alabama Has $3.63 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Retirement Systems of Alabama cut its position in Omnicom Group Inc. (NYSE:OMC) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,239 shares of the business services provider’s stock after selling 460 shares during the quarter. Retirement Systems of Alabama’s holdings in Omnicom Group were worth $3,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group in the 3rd quarter valued at approximately $33,000. HM Payson & Co. raised its position in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 1.5 %

OMC opened at $82.54 on Tuesday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.97. The company’s 50 day moving average price is $88.46 and its two-hundred day moving average price is $96.02.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s payout ratio is 37.58%.

Analyst Ratings Changes

Several brokerages have recently commented on OMC. UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.