Flputnam Investment Management Co. Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Flputnam Investment Management Co. lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 32.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,366 shares of the business services provider’s stock after selling 28,954 shares during the period. Flputnam Investment Management Co.’s holdings in Omnicom Group were worth $5,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Omnicom Group by 4.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock worth $2,374,000 after buying an additional 1,284 shares during the last quarter. Aviva PLC increased its holdings in shares of Omnicom Group by 27.0% in the 1st quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock worth $6,880,000 after buying an additional 17,251 shares during the last quarter. Prudential PLC bought a new stake in shares of Omnicom Group in the 1st quarter worth about $503,000. National Pension Service increased its holdings in shares of Omnicom Group by 644.1% in the 1st quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock worth $34,579,000 after buying an additional 352,639 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Omnicom Group in the 1st quarter worth about $929,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded down $0.35 during midday trading on Tuesday, reaching $90.20. The company’s stock had a trading volume of 137,152 shares, compared to its average volume of 1,574,780. The firm has a market capitalization of $17.79 billion, a PE ratio of 13.09, a P/E/G ratio of 2.17 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The stock has a fifty day moving average of $91.09 and a 200 day moving average of $84.97. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $2.09 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.10%. Omnicom Group’s dividend payout ratio is presently 40.46%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group assumed coverage on shares of Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Macquarie upped their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

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.