Mutual Advisors LLC Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Mutual Advisors LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,976 shares of the business services provider’s stock after acquiring an additional 407 shares during the period. Mutual Advisors LLC’s holdings in Omnicom Group were worth $685,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Advisory Alpha LLC raised its holdings in shares of Omnicom Group by 14.5% during the 4th quarter. Advisory Alpha LLC now owns 3,214 shares of the business services provider’s stock valued at $277,000 after buying an additional 408 shares during the period. MBM Wealth Consultants LLC increased its holdings in Omnicom Group by 8.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 3,235 shares of the business services provider’s stock worth $280,000 after purchasing an additional 256 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Omnicom Group by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 67,798 shares of the business services provider’s stock worth $5,881,000 after purchasing an additional 1,178 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Omnicom Group by 15.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after acquiring an additional 50,153 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Omnicom Group by 2.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 117,418 shares of the business services provider’s stock worth $10,103,000 after purchasing an additional 2,756 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OMC. Wells Fargo & Company dropped 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 note on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays cut 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 note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.63.

Omnicom Group Trading Up 0.5 %

Shares of NYSE:OMC opened at $86.60 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a 50 day moving average price of $91.65 and a 200 day moving average price of $96.41.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is 38.25%.

Omnicom Group Profile

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.