World Investment Advisors Has $2.67 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

World Investment Advisors boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,996 shares of the business services provider’s stock after purchasing an additional 4,685 shares during the period. World Investment Advisors’ holdings in Omnicom Group were worth $2,667,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Center For Asset Management LLC boosted its stake in shares of Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares during the period. Geneos Wealth Management Inc. grew its holdings in Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after acquiring an additional 161 shares during the last quarter. Convergence Financial LLC increased its position in Omnicom Group by 6.5% in the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 165 shares during the period. Finally, Impact Partnership Wealth LLC raised its stake in shares of Omnicom Group by 2.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Price Performance

Shares of OMC opened at $72.65 on Friday. The firm has a market cap of $14.28 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 52-week low of $72.54 and a 52-week high of $107.00. The business’s 50 day moving average price is $82.42 and its two-hundred day moving average price is $91.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $2.20 EPS. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.85%. Omnicom Group’s dividend payout ratio is 37.58%.

Omnicom Group Company 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.