Omnicom Group Inc. (NYSE:OMC) Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 119.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,051 shares of the business services provider’s stock after buying an additional 52,320 shares during the quarter. Handelsbanken Fonder AB’s holdings in Omnicom Group were worth $8,264,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OMC. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. HM Payson & Co. lifted 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 purchasing an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.6 %

NYSE OMC opened at $82.27 on Friday. The stock has a fifty day moving average of $85.44 and a 200-day moving average of $95.16. The stock has a market capitalization of $16.16 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. 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 announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $2.20 earnings per share. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Omnicom Group’s payout ratio is 37.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OMC shares. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company cut their price target on 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. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered 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. Finally, Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, 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.