Lester Murray Antman dba SimplyRich Sells 129 Shares of Omnicom Group Inc. (NYSE:OMC)

Lester Murray Antman dba SimplyRich cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,616 shares of the business services provider’s stock after selling 129 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Omnicom Group were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brookstone Capital Management bought a new position in Omnicom Group in the 3rd quarter worth approximately $294,000. Valeo Financial Advisors LLC acquired a new stake in shares of Omnicom Group in the third quarter worth $215,000. Exchange Traded Concepts LLC increased its position in Omnicom Group by 62.0% during the third quarter. Exchange Traded Concepts LLC now owns 9,735 shares of the business services provider’s stock worth $1,007,000 after acquiring an additional 3,727 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Omnicom Group by 101.3% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 749 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 377 shares during the last quarter. Finally, Creative Planning boosted its holdings in Omnicom Group by 1.4% in the 3rd quarter. Creative Planning now owns 59,611 shares of the business services provider’s stock valued at $6,163,000 after purchasing an additional 808 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. UBS Group boosted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Trading Down 0.3 %

Shares of OMC opened at $82.34 on Wednesday. The stock has a 50 day simple moving average of $88.01 and a 200-day simple moving average of $95.94. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.18 billion, a PE ratio of 11.05, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 in the previous year, the firm earned $2.20 earnings per share. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.