Omnicom Group Inc. $OMC Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 66.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 43,233 shares of the business services provider’s stock after selling 85,363 shares during the period. Morningstar Investment Management LLC’s holdings in Omnicom Group were worth $3,256,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Activest Wealth Management boosted its position in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID grew its stake in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $28,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on OMC shares. Citigroup reduced their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $99.38.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $79.70 on Friday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The firm has a market capitalization of $22.72 billion, a P/E ratio of 204.37, a P/E/G ratio of 0.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The company’s fifty day moving average price is $76.40 and its 200 day moving average price is $76.77.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company posted $1.70 earnings per share. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 4.0%. Omnicom Group’s payout ratio is 820.51%.

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.