Meiji Yasuda Asset Management Co Ltd. Reduces Holdings in Omnicom Group Inc. (NYSE:OMC)

Meiji Yasuda Asset Management Co Ltd. lowered its position in Omnicom Group Inc. (NYSE:OMC) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,687 shares of the business services provider’s stock after selling 331 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Omnicom Group were worth $2,468,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock worth $1,982,518,000 after purchasing an additional 99,424 shares during the period. State Street Corp grew its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Omnicom Group by 2.4% in the fourth 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 buying an additional 156,438 shares during the period. Geode Capital Management LLC lifted its stake in shares of Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after acquiring an additional 72,447 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in Omnicom Group by 3.9% during the 4th quarter. Cooke & Bieler LP now owns 2,450,757 shares of the business services provider’s stock valued at $210,863,000 after acquiring an additional 92,685 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company decreased 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 report on Tuesday, December 10th. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group dropped their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. One 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 a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Omnicom Group Stock Up 1.2 %

Omnicom Group stock opened at $80.38 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $15.79 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.94 and a beta of 0.98. The business has a fifty day moving average of $83.53 and a two-hundred day moving average of $92.81. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 company posted $2.20 earnings per share. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Omnicom Group Company 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.