Omnicom Group Inc. (NYSE:OMC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,081 shares of the business services provider’s stock after selling 3,337 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.14% of Omnicom Group worth $23,410,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in shares of Omnicom Group by 47.4% in the third quarter. Cerity Partners LLC now owns 48,598 shares of the business services provider’s stock valued at $5,030,000 after buying an additional 15,631 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Omnicom Group by 20.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 25,825 shares of the business services provider’s stock valued at $2,670,000 after purchasing an additional 4,440 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Omnicom Group in the 3rd quarter worth about $258,000. Brooklyn Investment Group acquired a new stake in Omnicom Group during the 3rd quarter worth about $55,000. Finally, Avestar Capital LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $224,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OMC. Wells Fargo & Company lowered their price objective on shares of 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. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Omnicom Group Stock Performance

Shares of OMC opened at $80.61 on Friday. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company’s fifty day moving average is $83.34 and its 200-day moving average is $92.65. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $78.69 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business earned $2.20 EPS. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.47%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

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.