Acropolis Investment Management LLC Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Acropolis Investment Management LLC decreased its position in Omnicom Group Inc. (NYSE:OMC) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,838 shares of the business services provider’s stock after selling 1,681 shares during the quarter. Acropolis Investment Management LLC’s holdings in Omnicom Group were worth $1,535,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter worth $387,000. Federated Hermes Inc. raised its stake in Omnicom Group by 32.0% in the second quarter. Federated Hermes Inc. now owns 44,489 shares of the business services provider’s stock valued at $3,991,000 after buying an additional 10,778 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Omnicom Group by 1.8% during the 2nd quarter. Parallel Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $644,000 after buying an additional 126 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Omnicom Group by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock worth $127,398,000 after acquiring an additional 81,598 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after acquiring an additional 364,665 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays lifted their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lifted their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, UBS Group upped their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Stock Performance

NYSE OMC opened at $84.63 on Wednesday. The business’s 50-day moving average price is $94.45 and its 200 day moving average price is $96.64. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a market cap of $16.51 billion, a P/E ratio of 11.56, a P/E/G ratio of 2.03 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the company earned $1.86 earnings per share. On average, equities research analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

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.