Omnicom Group Inc. (NYSE:OMC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,500 shares of the business services provider’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Omnicom Group were worth $903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edmp Inc. raised its stake in Omnicom Group by 20.2% during the fourth quarter. Edmp Inc. now owns 8,139 shares of the business services provider’s stock worth $700,000 after acquiring an additional 1,366 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Omnicom Group during the fourth quarter valued at approximately $67,000. Stiles Financial Services Inc increased its stake in shares of Omnicom Group by 2.8% during the fourth quarter. Stiles Financial Services Inc now owns 29,648 shares of the business services provider’s stock valued at $2,550,000 after acquiring an additional 821 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Omnicom Group by 6.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 5,353 shares of the business services provider’s stock worth $461,000 after buying an additional 336 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its holdings in Omnicom Group by 3.9% during the fourth quarter. Robinson Value Management Ltd. now owns 34,078 shares of the business services provider’s stock worth $2,932,000 after buying an additional 1,283 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of OMC opened at $82.28 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The company has a market capitalization of $16.17 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company’s fifty day moving average price is $86.29 and its 200 day moving average price is $95.52. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 business posted $2.20 EPS. As a group, analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Wall Street Analyst Weigh In

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

Omnicom Group Company 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.