Miller Howard Investments Inc. NY Sells 66,018 Shares of Omnicom Group Inc. (NYSE:OMC)

Miller Howard Investments Inc. NY lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 92.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,293 shares of the business services provider’s stock after selling 66,018 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Omnicom Group were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of OMC. Robinson Value Management Ltd. boosted its holdings in Omnicom Group by 3.9% in the 4th quarter. Robinson Value Management Ltd. now owns 34,078 shares of the business services provider’s stock worth $2,932,000 after buying an additional 1,283 shares during the period. WCM Investment Management LLC lifted its position in shares of Omnicom Group by 119.7% during the fourth quarter. WCM Investment Management LLC now owns 4,561 shares of the business services provider’s stock worth $391,000 after acquiring an additional 2,485 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of Omnicom Group by 39.2% in the fourth quarter. Empirical Finance LLC now owns 18,578 shares of the business services provider’s stock worth $1,598,000 after acquiring an additional 5,231 shares during the period. Empowered Funds LLC grew its position in shares of Omnicom Group by 4.1% in the fourth quarter. Empowered Funds LLC now owns 112,129 shares of the business services provider’s stock valued at $9,648,000 after purchasing an additional 4,420 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Omnicom Group by 3.7% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,626 shares of the business services provider’s stock valued at $484,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $83.76 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average price is $88.46 and its 200-day moving average price is $95.98. The stock has a market cap of $16.46 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last released 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 last year, the business earned $2.20 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Analyst Ratings Changes

Several brokerages have commented on OMC. Wells Fargo & Company cut their target price on 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. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.