Omnicom Group Inc. (NYSE:OMC) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC reduced its position in Omnicom Group Inc. (NYSE:OMC) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,071 shares of the business services provider’s stock after selling 135 shares during the quarter. Parallel Advisors LLC’s holdings in Omnicom Group were worth $608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc grew its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Trust Co. of Vermont grew its holdings 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 valued at $48,000 after buying 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 $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OMC. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, UBS Group lowered 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 issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Omnicom Group Stock Performance

NYSE OMC opened at $80.74 on Friday. The stock has a market cap of $15.86 billion, a PE ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The stock has a fifty day simple moving average of $83.71 and a 200-day simple moving average of $93.30.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $2.20 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.