Vest Financial LLC Sells 8,116 Shares of Omnicom Group Inc. $OMC

Vest Financial LLC lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,684 shares of the business services provider’s stock after selling 8,116 shares during the period. Vest Financial LLC’s holdings in Omnicom Group were worth $1,034,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OMC. Vanguard Group Inc. grew its stake in Omnicom Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after acquiring an additional 344,652 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Omnicom Group by 9.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after buying an additional 691,560 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Omnicom Group by 117.9% during the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after acquiring an additional 3,362,411 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock worth $382,717,000 after acquiring an additional 48,868 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Omnicom Group by 38.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after acquiring an additional 1,255,197 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 0.7%

NYSE OMC opened at $79.81 on Friday. The business’s fifty day moving average is $77.26 and its 200-day moving average is $76.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.32 and a beta of 0.74. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.35.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays increased their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Morgan Stanley began coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Thursday. UBS Group upped their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Bank of America reissued an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Company Profile

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.