Sanibel Captiva Trust Company Inc. Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Sanibel Captiva Trust Company Inc. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,963 shares of the business services provider’s stock after selling 429 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Omnicom Group were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. World Investment Advisors LLC increased its holdings in shares of Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after buying an additional 374,952 shares during the last quarter. Millennium Management LLC raised its position in shares of Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after buying an additional 324,196 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after acquiring an additional 213,962 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new position in Omnicom Group in the third quarter worth about $21,191,000. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OMC shares. UBS Group raised their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays boosted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Trading Down 0.5 %

Shares of OMC opened at $85.41 on Friday. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. 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 of $93.30 and a 200 day moving average of $96.52.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.28%. Omnicom Group’s payout ratio is 38.25%.

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.