Hartford Investment Management Co. Has $1.05 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Hartford Investment Management Co. cut its stake in Omnicom Group Inc. (NYSE:OMC) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,189 shares of the business services provider’s stock after selling 236 shares during the period. Hartford Investment Management Co.’s holdings in Omnicom Group were worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the period. World Investment Advisors LLC lifted its holdings in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the last quarter. International Assets Investment Management LLC boosted its position in Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after buying an additional 213,962 shares in the last quarter. Arvest Bank Trust Division bought a new stake in Omnicom Group during the third quarter worth about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after buying an additional 156,173 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.4 %

Shares of NYSE OMC opened at $82.28 on Friday. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The stock has a market cap of $16.17 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The firm has a 50 day moving average price of $86.71 and a 200 day moving average price of $95.65.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $2.20 earnings per share. Analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lowered their target price on 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. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Company 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.