Massachusetts Financial Services Co. MA Has $353.44 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Massachusetts Financial Services Co. MA increased its holdings in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 8.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,745,400 shares of the business services provider’s stock after purchasing an additional 374,874 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Omnicom Group were worth $353,437,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OMC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Omnicom Group by 4.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock worth $2,374,000 after purchasing an additional 1,284 shares during the last quarter. Aviva PLC lifted its position in shares of Omnicom Group by 27.0% during the 1st quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock worth $6,880,000 after purchasing an additional 17,251 shares during the last quarter. Prudential PLC acquired a new position in shares of Omnicom Group during the 1st quarter worth about $503,000. National Pension Service lifted its position in shares of Omnicom Group by 644.1% during the 1st quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock worth $34,579,000 after purchasing an additional 352,639 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Omnicom Group during the 1st quarter worth about $929,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Macquarie raised Omnicom Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $80.00 to $100.00 in a report on Friday, January 5th. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $90.00 to $100.00 in a report on Friday, December 15th. UBS Group assumed coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Citigroup cut their price target on Omnicom Group from $113.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.44.

Check Out Our Latest Stock Analysis on OMC

Omnicom Group Trading Down 1.3 %

Shares of OMC opened at $88.80 on Tuesday. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.47. The stock has a 50 day simple moving average of $86.49 and a 200-day simple moving average of $80.89. The stock has a market cap of $17.58 billion, a PE ratio of 12.91, a PEG ratio of 2.39 and a beta of 0.97.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 22nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.15%. Omnicom Group’s payout ratio is presently 40.70%.

About Omnicom Group

(Free Report)

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 brand consulting, experiential, execution and support, public relations, and healthcare.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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