Hennessy Advisors Inc. Has $2.41 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Hennessy Advisors Inc. reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,000 shares of the business services provider’s stock after selling 1,700 shares during the period. Hennessy Advisors Inc.’s holdings in Omnicom Group were worth $2,409,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have commented on OMC shares. Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Trading Down 0.5 %

NYSE OMC opened at $85.41 on Friday. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The business has a 50 day moving average price of $93.30 and a 200-day moving average price of $96.52. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.73 and a beta of 0.98.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.28%. Omnicom Group’s payout ratio is 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.