Foundations Investment Advisors LLC Buys 347 Shares of Omnicom Group Inc. (NYSE:OMC)

Foundations Investment Advisors LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,941 shares of the business services provider’s stock after purchasing an additional 347 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Omnicom Group were worth $683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in Omnicom Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its position in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group in the third quarter worth about $33,000. Davis Capital Management bought a new position in Omnicom Group during the 3rd quarter valued at approximately $36,000. Finally, HM Payson & Co. increased its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the subject of several analyst reports. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced 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 report on Tuesday, December 10th. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Down 0.3 %

Shares of NYSE:OMC opened at $86.96 on Thursday. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $91.23 and a 200 day moving average price of $96.37. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.88 and a beta of 0.98.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 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.