JGP Wealth Management LLC Has $1.54 Million Position in Omnicom Group Inc. (NYSE:OMC)

JGP Wealth Management LLC lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,587 shares of the business services provider’s stock after selling 3,693 shares during the quarter. JGP Wealth Management LLC’s holdings in Omnicom Group were worth $1,541,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its position 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. Johnson Financial Group Inc. grew its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc grew its position in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 143 shares during the period. CoreCap Advisors LLC lifted its stake in Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 404 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.0%

Shares of NYSE OMC opened at $73.39 on Friday. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.94 and a beta of 0.95. The business has a 50-day moving average of $75.51 and a 200-day moving average of $83.67.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group’s payout ratio is 38.30%.

Analysts Set New Price Targets

OMC has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective 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. Citigroup restated a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target 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.