Omnicom Group Inc. (NYSE:OMC) Holdings Decreased by Coston McIsaac & Partners

Coston McIsaac & Partners lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,099 shares of the business services provider’s stock after selling 493 shares during the period. Coston McIsaac & Partners’ holdings in Omnicom Group were worth $610,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Omnicom Group by 13.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider’s stock worth $3,587,000 after buying an additional 4,920 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Omnicom Group by 8.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 11,345 shares of the business services provider’s stock worth $976,000 after acquiring an additional 843 shares during the period. Perigon Wealth Management LLC bought a new stake in Omnicom Group in the fourth quarter worth about $365,000. Nilsine Partners LLC lifted its holdings in Omnicom Group by 5.2% in the 4th quarter. Nilsine Partners LLC now owns 6,722 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 331 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in Omnicom Group by 4.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,941 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price target 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 reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Down 0.3 %

Shares of Omnicom Group stock opened at $86.96 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The stock 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 P/E ratio of 11.88, a P/E/G ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.