Cetera Investment Advisers Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Cetera Investment Advisers reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,429 shares of the business services provider’s stock after selling 364 shares during the quarter. Cetera Investment Advisers owned about 0.07% of Omnicom Group worth $11,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of OMC. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Johnson Financial Group Inc. lifted its position in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. boosted its stake in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in 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 period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Down 0.7 %

NYSE:OMC opened at $75.94 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The company has a market cap of $14.82 billion, a PE ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.95. The company’s 50 day moving average is $77.45 and its two-hundred day moving average is $86.55.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

Several analysts have issued reports on OMC shares. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

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.