CX Institutional Reduces Holdings in Omnicom Group Inc. (NYSE:OMC)

CX Institutional lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,113 shares of the business services provider’s stock after selling 171 shares during the period. CX Institutional’s holdings in Omnicom Group were worth $354,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in shares of Omnicom Group by 2.9% in the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock worth $559,000 after buying an additional 182 shares during the last quarter. RFG Advisory LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth $911,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Omnicom Group in the fourth quarter worth $1,043,000. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth $506,000. Finally, Avior Wealth Management LLC increased its stake in shares of Omnicom Group by 4.2% in the fourth quarter. Avior Wealth Management LLC now owns 12,911 shares of the business services provider’s stock worth $1,111,000 after buying an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OMC shares. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company decreased 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 report on Tuesday, December 10th. Barclays decreased their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.63.

Omnicom Group Stock Performance

Shares of OMC opened at $86.60 on Monday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a fifty day moving average of $91.65 and a 200-day moving average of $96.41.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.