Dimensional Fund Advisors LP Has $299.64 Million Holdings in Omnicom Group Inc. $OMC

Dimensional Fund Advisors LP cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 17.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,978,658 shares of the business services provider’s stock after selling 842,320 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Omnicom Group were worth $299,645,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares during the last quarter. State Street Corp grew its holdings in shares of Omnicom Group by 40.4% during the fourth quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Omnicom Group by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 12,098,191 shares of the business services provider’s stock valued at $911,115,000 after buying an additional 814,328 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Omnicom Group by 5.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock valued at $635,538,000 after buying an additional 433,461 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 0.3%

Shares of NYSE OMC opened at $79.41 on Thursday. The firm has a market capitalization of $22.63 billion, a PE ratio of 203.62, a price-to-earnings-growth ratio of 0.47 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The firm’s 50-day moving average is $76.10 and its 200-day moving average is $76.77.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. Omnicom Group’s revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is currently 820.51%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $99.38.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.