Community Bank N.A. Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Community Bank N.A. trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,815 shares of the business services provider’s stock after selling 2,572 shares during the quarter. Community Bank N.A.’s holdings in Omnicom Group were worth $3,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC increased its position in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Omnicom Group in the third quarter worth $713,000. Thrivent Financial for Lutherans increased its position in Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after buying an additional 8,643 shares during the last quarter. Franklin Resources Inc. increased its position in Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after buying an additional 38,022 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after buying an additional 50,153 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

NYSE:OMC opened at $81.03 on Friday. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00. The stock has a fifty day moving average of $83.69 and a 200 day moving average of $93.12. 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 (NYSE:OMC) last posted its quarterly earnings data 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter last year, the business earned $2.20 earnings per share. On average, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.46%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OMC shares. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Macquarie reaffirmed 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 cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $105.75.

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.