Tredje AP fonden Sells 15,397 Shares of Omnicom Group Inc. (NYSE:OMC)

Tredje AP fonden reduced its position in Omnicom Group Inc. (NYSE:OMC) by 50.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,398 shares of the business services provider’s stock after selling 15,397 shares during the period. Tredje AP fonden’s holdings in Omnicom Group were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its stake in Omnicom Group by 1.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 113 shares during the period. Metis Global Partners LLC raised its stake in Omnicom Group by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after acquiring an additional 120 shares during the period. Sompo Asset Management Co. Ltd. raised its stake in Omnicom Group by 3.5% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 130 shares during the period. Center For Asset Management LLC raised its stake in Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 147 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 1.8 %

Shares of OMC opened at $80.92 on Friday. The firm has a market cap of $15.90 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.94 and a beta of 0.98. The stock has a 50 day simple moving average of $83.98 and a two-hundred day simple moving average of $93.81. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company earned $2.20 earnings per share. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.46%. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMC. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.