Vaughan David Investments LLC IL Has $38.38 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Vaughan David Investments LLC IL boosted its position in Omnicom Group Inc. (NYSE:OMC) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 446,076 shares of the business services provider’s stock after purchasing an additional 4,950 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Omnicom Group were worth $38,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after purchasing an additional 156,438 shares during the last quarter. RWC Asset Management LLP increased its holdings in shares of Omnicom Group by 4.3% during the 4th quarter. RWC Asset Management LLP now owns 445,704 shares of the business services provider’s stock worth $38,348,000 after acquiring an additional 18,497 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Omnicom Group in the 4th quarter valued at $898,000. South Dakota Investment Council bought a new stake in Omnicom Group in the 4th quarter valued at $361,000. Finally, TCW Group Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at $2,188,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OMC. Barclays lowered 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 restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Performance

OMC opened at $83.70 on Tuesday. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. 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 company has a fifty day moving average of $85.29 and a 200 day moving average of $95.15.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 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 period in the prior year, the company posted $2.20 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.