Prairiewood Capital LLC Sells 361 Shares of Omnicom Group Inc. (NYSE:OMC)

Prairiewood Capital LLC reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,366 shares of the business services provider’s stock after selling 361 shares during the period. Prairiewood Capital LLC’s holdings in Omnicom Group were worth $548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. World Investment Advisors LLC increased its position in shares of Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after purchasing an additional 374,952 shares during the last quarter. Millennium Management LLC increased its position in shares of Omnicom Group by 73.0% during the 2nd quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after purchasing an additional 324,196 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Omnicom Group by 389,021.8% in the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after buying an additional 213,962 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $21,191,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC opened at $85.41 on Tuesday. The stock has a 50 day simple moving average of $93.30 and a 200 day simple moving average of $96.57. The stock has a market cap of $16.66 billion, a P/E ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98. Omnicom Group Inc. has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.28%. Omnicom Group’s payout ratio is presently 38.25%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OMC. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. 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 report on Tuesday, December 10th. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays upped their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

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.