Omnicom Group Inc. (NYSE:OMC) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its stake in Omnicom Group Inc. (NYSE:OMC) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,516 shares of the business services provider’s stock after selling 286 shares during the period. Sumitomo Life Insurance Co.’s holdings in Omnicom Group were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc increased 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 during the period. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the 3rd quarter valued at $33,000. Davis Capital Management acquired a new position in Omnicom Group during the 3rd quarter worth $36,000. Finally, HM Payson & Co. grew its stake in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE OMC opened at $86.52 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. 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 $16.88 billion, a PE ratio of 11.82, a PEG ratio of 1.88 and a beta of 0.98. The stock’s 50-day moving average price is $90.99 and its two-hundred day moving average price is $96.31.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.24%. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OMC shares. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their target price on 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 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 stock. Based on data from MarketBeat.com, the company has an average 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.