Maryland State Retirement & Pension System Has $922,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

Maryland State Retirement & Pension System decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,714 shares of the business services provider’s stock after selling 350 shares during the period. Maryland State Retirement & Pension System’s holdings in Omnicom Group were worth $922,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Trust Co. of Vermont grew its position in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.4 %

Shares of Omnicom Group stock opened at $81.03 on Monday. 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 stock has a market capitalization of $15.92 billion, a P/E 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’s 50-day simple moving average is $83.69 and its 200 day simple moving average is $93.08.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 in the previous year, the company posted $2.20 EPS. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OMC shares. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company reduced their price objective 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. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.75.

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.