Beutel Goodman & Co Ltd. Has $292.70 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Beutel Goodman & Co Ltd. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 7.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,401,890 shares of the business services provider’s stock after acquiring an additional 224,870 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 1.73% of Omnicom Group worth $292,698,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised 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 buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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 buying an additional 195 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after buying an additional 323 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Omnicom Group in the third quarter valued at about $55,000. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OMC shares. 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, January 27th. Wells Fargo & Company cut their price target 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 restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Down 0.5 %

OMC opened at $80.24 on Friday. The company has a fifty day moving average price of $83.24 and a 200-day moving average price of $92.52. The firm has a market capitalization of $15.77 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the firm earned $2.20 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

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.