Omnicom Group Inc. (NYSE:OMC) Shares Bought by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 446,076 shares of the business services provider’s stock after acquiring an additional 4,950 shares during the quarter. Vaughan David Investments LLC IL owned 0.23% of Omnicom Group worth $38,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after buying an additional 156,438 shares during the period. RWC Asset Management LLP increased its holdings in shares of Omnicom Group by 4.3% in the 4th quarter. RWC Asset Management LLP now owns 445,704 shares of the business services provider’s stock valued at $38,348,000 after purchasing an additional 18,497 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $898,000. South Dakota Investment Council acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $361,000. Finally, TCW Group Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $2,188,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.7 %

Shares of Omnicom Group stock opened at $83.70 on Tuesday. The stock has a market capitalization of $16.45 billion, a P/E ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average price of $85.29 and a two-hundred day moving average price of $95.15. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate 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 business earned $2.20 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is 37.58%.

Analysts Set New Price Targets

OMC has been the topic of a number of research reports. Barclays dropped 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. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.