World Investment Advisors Acquires 4,685 Shares of Omnicom Group Inc. (NYSE:OMC)

World Investment Advisors raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,996 shares of the business services provider’s stock after buying an additional 4,685 shares during the period. World Investment Advisors’ holdings in Omnicom Group were worth $2,667,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after acquiring an additional 1,992,695 shares during the period. Groupama Asset Managment raised its position in shares of Omnicom Group by 21.0% in the fourth quarter. Groupama Asset Managment now owns 12,388 shares of the business services provider’s stock valued at $1,063,000 after purchasing an additional 2,154 shares during the period. Geode Capital Management LLC lifted its stake in shares of Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock worth $442,453,000 after buying an additional 51,148 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Omnicom Group by 10.8% during the 4th quarter. Franklin Resources Inc. now owns 256,131 shares of the business services provider’s stock worth $22,038,000 after buying an additional 25,063 shares during the period. Finally, Boston Research & Management Inc. grew its stake in Omnicom Group by 2.5% in the 4th quarter. Boston Research & Management Inc. now owns 51,365 shares of the business services provider’s stock valued at $4,419,000 after buying an additional 1,255 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 3.6 %

Shares of NYSE OMC opened at $72.65 on Friday. The stock has a market capitalization of $14.28 billion, a P/E ratio of 9.75, a PEG ratio of 1.94 and a beta of 0.87. The stock’s fifty day moving average is $82.42 and its 200 day moving average is $91.77. Omnicom Group Inc. has a 52 week low of $72.54 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.85%. Omnicom Group’s payout ratio is 37.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OMC shares. UBS Group cut their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays dropped 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. Finally, Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.43.

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.