Cabot Wealth Management Inc. Has $12.22 Million Position in Omnicom Group Inc. (NYSE:OMC)

Cabot Wealth Management Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.8% during the 4th quarter, Holdings Channel reports. The firm owned 142,015 shares of the business services provider’s stock after selling 7,173 shares during the quarter. Omnicom Group comprises 1.6% of Cabot Wealth Management Inc.’s holdings, making the stock its 25th largest position. Cabot Wealth Management Inc.’s holdings in Omnicom Group were worth $12,219,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC lifted its stake in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Omnicom Group in the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans lifted its position in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares during the period. Assetmark Inc. boosted its stake in Omnicom Group by 2.0% during the third quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after acquiring an additional 9,774 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after purchasing an additional 38,022 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.6 %

Shares of NYSE:OMC opened at $82.27 on Friday. The business’s 50 day moving average is $85.44 and its 200 day moving average is $95.18. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. 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 (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (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 quarter in the prior year, the business posted $2.20 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OMC. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price objective 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. Finally, Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One 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, the company currently has an average rating of “Moderate Buy” and an average price target of $108.25.

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.