Lester Murray Antman dba SimplyRich Sells 129 Shares of Omnicom Group Inc. (NYSE:OMC)

Lester Murray Antman dba SimplyRich lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,616 shares of the business services provider’s stock after selling 129 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Omnicom Group were worth $225,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp lifted its position in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Omnicom Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Barclays PLC lifted its position in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock valued at $72,465,000 after purchasing an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Omnicom Group by 16.3% in the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after purchasing an additional 97,661 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, Barclays reduced their target price 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, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Trading Down 0.3 %

NYSE:OMC opened at $82.34 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.94 and a beta of 0.97. The business’s 50-day moving average price is $88.01 and its two-hundred day moving average price is $95.94.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the firm posted $2.20 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.40%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.