Parallel Advisors LLC Reduces Holdings in Omnicom Group Inc. (NYSE:OMC)

Parallel Advisors LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,071 shares of the business services provider’s stock after selling 135 shares during the period. Parallel Advisors LLC’s holdings in Omnicom Group were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its position in Omnicom Group by 1.8% in the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after buying an additional 113 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its position in Omnicom Group by 3.5% in the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock valued at $400,000 after buying an additional 130 shares during the last quarter. Center For Asset Management LLC boosted its position in Omnicom Group by 3.3% in the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after buying an additional 146 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after buying an additional 147 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Omnicom Group by 6.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock valued at $217,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.9 %

Shares of OMC stock opened at $80.74 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.94 and a beta of 0.98. The stock has a 50 day simple moving average of $83.71 and a 200-day simple moving average of $93.30. Omnicom Group Inc. has a 1-year low of $78.69 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping 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 quarter in the prior year, the business posted $2.20 earnings per share. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

OMC has been the topic of a number of recent 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 research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, 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 research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $105.75.

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.