Cairn Investment Group Inc. Sells 195 Shares of Omnicom Group Inc. (NYSE:OMC)

Cairn Investment Group Inc. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,164 shares of the business services provider’s stock after selling 195 shares during the quarter. Omnicom Group comprises approximately 2.2% of Cairn Investment Group Inc.’s portfolio, making the stock its 19th largest holding. Cairn Investment Group Inc.’s holdings in Omnicom Group were worth $3,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OMC. World Investment Advisors LLC grew its position in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the period. Central Pacific Bank Trust Division lifted its holdings in Omnicom Group by 16.3% during the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 401 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Omnicom Group during the third quarter valued at about $713,000. Thrivent Financial for Lutherans lifted its holdings in Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Omnicom Group by 2.0% during the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after purchasing an additional 9,774 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.3 %

Shares of OMC opened at $86.96 on Thursday. The firm’s 50 day simple moving average is $91.23 and its 200 day simple moving average is $96.37. The company has a market capitalization of $16.97 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent research reports. UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.