Long Road Investment Counsel LLC Has $4.32 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Long Road Investment Counsel LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 50,260 shares of the business services provider’s stock after selling 300 shares during the quarter. Omnicom Group comprises 1.8% of Long Road Investment Counsel LLC’s holdings, making the stock its 17th largest holding. Long Road Investment Counsel LLC’s holdings in Omnicom Group were worth $4,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares in the last quarter. Trust Co. of Vermont lifted its position in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Omnicom Group during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Barclays dropped their target price 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. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $80.29 on Tuesday. The company’s 50 day moving average price is $83.89 and its two-hundred day moving average price is $93.61. Omnicom Group Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The firm has a market cap of $15.78 billion, a PE ratio of 10.78, a PEG ratio of 1.94 and a beta of 0.98. 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 (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $2.20 EPS. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 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.