Omnicom Group Inc. (NYSE:OMC) Shares Sold by Sienna Gestion

Sienna Gestion decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 96.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,427 shares of the business services provider’s stock after selling 130,217 shares during the quarter. Sienna Gestion’s holdings in Omnicom Group were worth $467,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp purchased a new position in shares of Omnicom Group during the 3rd quarter valued at approximately $223,000. Versor Investments LP purchased a new position in Omnicom Group during the third quarter valued at $355,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Omnicom Group by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 490,104 shares of the business services provider’s stock valued at $50,672,000 after purchasing an additional 9,864 shares during the period. Schrum Private Wealth Management LLC purchased a new stake in shares of Omnicom Group during the third quarter worth about $238,000. Finally, KBC Group NV raised its position in shares of Omnicom Group by 5.5% during the 3rd quarter. KBC Group NV now owns 101,101 shares of the business services provider’s stock worth $10,453,000 after purchasing an additional 5,286 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OMC shares. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. 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. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Price Performance

Omnicom Group stock opened at $79.40 on Friday. The company’s 50 day simple moving average is $84.08 and its 200-day simple moving average is $93.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 1 year low of $78.69 and a 1 year high of $107.00. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $2.20 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a dividend yield of 3.53%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.