Mitsubishi UFJ Trust & Banking Corp Has $23.41 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 272,081 shares of the business services provider’s stock after selling 3,337 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Omnicom Group were worth $23,410,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its stake in Omnicom Group by 645.2% during the 4th 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% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares during the period. Whittier Trust Co. grew its position in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Omnicom Group by 742.4% during the fourth 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 during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMC. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays reduced their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, UBS Group decreased their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Price Performance

NYSE:OMC opened at $80.61 on Friday. The firm has a market cap of $15.84 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company’s 50-day moving average price is $83.34 and its two-hundred day moving average price is $92.65. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $78.69 and a 12 month high of $107.00.

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, beating 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 business posted $2.20 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given 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 yield of 3.47%. 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.