J. W. Coons Advisors LLC Trims Holdings in Omnicom Group Inc. (NYSE:OMC)

J. W. Coons Advisors LLC cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,358 shares of the business services provider’s stock after selling 160 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Omnicom Group were worth $977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group in the 4th quarter worth about $25,000. Versant Capital Management Inc grew its position in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC grew its position in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the period. HM Payson & Co. grew its position in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group in the 3rd quarter worth about $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC opened at $82.27 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $16.16 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The company’s 50-day simple moving average is $85.44 and its two-hundred day simple moving average is $95.22. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (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 quarter in the previous year, the company posted $2.20 EPS. As a group, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

Several brokerages recently commented on OMC. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock 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 research report on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.