Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.28 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 37.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,483 shares of the business services provider’s stock after selling 16,108 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Omnicom Group were worth $2,279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in Omnicom Group by 225.9% during the fourth quarter. Teacher Retirement System of Texas now owns 181,014 shares of the business services provider’s stock worth $15,574,000 after purchasing an additional 125,470 shares during the period. ProVise Management Group LLC boosted its holdings in shares of Omnicom Group by 2.6% during the 4th quarter. ProVise Management Group LLC now owns 101,511 shares of the business services provider’s stock worth $8,734,000 after buying an additional 2,565 shares during the period. Xponance Inc. boosted its holdings in shares of Omnicom Group by 4.2% during the 4th quarter. Xponance Inc. now owns 31,266 shares of the business services provider’s stock worth $2,690,000 after buying an additional 1,273 shares during the period. Generali Asset Management SPA SGR bought a new position in Omnicom Group in the 4th quarter worth $1,481,000. Finally, Cibc World Markets Corp raised its holdings in Omnicom Group by 2.0% in the 4th quarter. Cibc World Markets Corp now owns 158,025 shares of the business services provider’s stock worth $13,596,000 after acquiring an additional 3,054 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 2.1 %

OMC opened at $79.45 on Tuesday. The company has a market capitalization of $15.61 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm’s fifty day moving average price is $83.62 and its two-hundred day moving average price is $92.94. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate 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 last year, the company posted $2.20 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.52%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.