Brown Brothers Harriman & Co. Sells 133 Shares of Omnicom Group Inc. (NYSE:OMC)

Brown Brothers Harriman & Co. lowered its position in Omnicom Group Inc. (NYSE:OMC) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,994 shares of the business services provider’s stock after selling 133 shares during the period. Brown Brothers Harriman & Co.’s holdings in Omnicom Group were worth $172,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OMC. DnB Asset Management AS grew its holdings in Omnicom Group by 0.9% in the fourth quarter. DnB Asset Management AS now owns 36,316 shares of the business services provider’s stock worth $3,125,000 after purchasing an additional 331 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Omnicom Group by 8.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 302,391 shares of the business services provider’s stock worth $26,018,000 after purchasing an additional 23,093 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Omnicom Group by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 59,062 shares of the business services provider’s stock worth $5,082,000 after buying an additional 330 shares during the last quarter. New Age Alpha Advisors LLC increased its position in Omnicom Group by 65,869.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 102,253 shares of the business services provider’s stock valued at $8,798,000 after buying an additional 102,098 shares in the last quarter. Finally, Norges Bank purchased a new stake in Omnicom Group in the fourth quarter valued at about $23,163,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 3.1 %

Shares of Omnicom Group stock opened at $82.72 on Tuesday. The stock has a market cap of $16.25 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The firm has a fifty day moving average price of $83.18 and a 200 day moving average price of $92.31. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00. 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 (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $2.20 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

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 is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.38%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.43.

About Omnicom Group

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.