Flputnam Investment Management Co. Sells 1,678 Shares of Omnicom Group Inc. (NYSE:OMC)

Flputnam Investment Management Co. lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,958 shares of the business services provider’s stock after selling 1,678 shares during the quarter. Flputnam Investment Management Co.’s holdings in Omnicom Group were worth $2,578,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of Omnicom Group by 76.7% in the 4th quarter. Private Trust Co. NA now owns 1,067 shares of the business services provider’s stock worth $92,000 after purchasing an additional 463 shares in the last quarter. A&I Financial Services LLC purchased a new stake in shares of Omnicom Group during the fourth quarter valued at $384,000. Proficio Capital Partners LLC bought a new stake in Omnicom Group in the 4th quarter worth about $5,125,000. Mn Services Vermogensbeheer B.V. raised its position in Omnicom Group by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 77,200 shares of the business services provider’s stock worth $6,642,000 after buying an additional 1,300 shares during the last quarter. Finally, Convergence Financial LLC lifted its stake in Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 165 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

NYSE OMC opened at $82.75 on Friday. 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 business’s fifty day moving average is $84.86 and its 200 day moving average is $94.83. The company has a market capitalization of $16.26 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 company posted $2.20 EPS. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company reduced their price target 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 reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

About Omnicom Group

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.