Omnicom Group Inc. $OMC Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,436,976 shares of the business services provider’s stock after selling 432,810 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Omnicom Group were worth $606,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Asset Management One Co. Ltd. boosted its holdings in Omnicom Group by 3.5% in the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after acquiring an additional 2,855 shares during the last quarter. Defender Capital LLC. purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $360,000. Vanguard Group Inc. increased its position in Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after purchasing an additional 344,652 shares in the last quarter. J2 Capital Management Inc purchased a new position in Omnicom Group in the second quarter valued at approximately $383,000. Finally, Gateway Investment Advisers LLC acquired a new position in Omnicom Group during the third quarter valued at approximately $10,361,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMC has been the topic of several recent research reports. Morgan Stanley started coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. UBS Group upped their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Barclays raised their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Bank of America reiterated an “underperform” rating and set a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.14.

Omnicom Group Price Performance

OMC stock opened at $79.81 on Monday. The stock’s 50 day moving average is $76.67 and its two-hundred day moving average is $76.27. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $89.35. The company has a market capitalization of $15.40 billion, a PE ratio of 11.79, a P/E/G ratio of 1.33 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the business posted $2.03 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is 47.27%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.