Omnicom Group Inc. $OMC Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,316,832 shares of the business services provider’s stock after selling 1,218,108 shares during the period. Pacer Advisors Inc. owned 0.68% of Omnicom Group worth $106,334,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. UBS Group lifted their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. Barclays raised their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Morgan Stanley lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Performance

NYSE OMC opened at $71.36 on Friday. The firm has a market capitalization of $20.34 billion, a P/E ratio of 182.99, a PEG ratio of 0.46 and a beta of 0.63. The stock has a 50-day simple moving average of $75.49 and a two-hundred day simple moving average of $76.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, equities analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is currently 820.51%.

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.