Monte Financial Group LLC Reduces Stock Position in Omnicom Group Inc. (NYSE:OMC)

Monte Financial Group LLC trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,327 shares of the business services provider’s stock after selling 649 shares during the quarter. Omnicom Group accounts for approximately 2.1% of Monte Financial Group LLC’s investment portfolio, making the stock its 25th biggest holding. Monte Financial Group LLC’s holdings in Omnicom Group were worth $5,018,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc grew its holdings in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Omnicom Group during the 3rd quarter valued at about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the third quarter valued at about $36,000. Finally, HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on OMC shares. Wells Fargo & Company reduced 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. boosted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $86.60 on Friday. 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 stock has a market cap of $16.90 billion, a PE ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98. The company’s fifty day moving average is $91.65 and its 200 day moving average is $96.37. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.