Proactive Wealth Strategies LLC Raises Stock Position in Omnicom Group Inc. (NYSE:OMC)

Proactive Wealth Strategies LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,486 shares of the business services provider’s stock after buying an additional 220 shares during the period. Proactive Wealth Strategies LLC’s holdings in Omnicom Group were worth $300,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. World Investment Advisors LLC boosted its position in Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after acquiring an additional 374,952 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Omnicom Group by 389,021.8% during the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock worth $22,127,000 after acquiring an additional 213,962 shares during the period. Arvest Bank Trust Division bought a new stake in Omnicom Group during the 3rd quarter valued at about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc raised its holdings in Omnicom Group by 46.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after buying an additional 156,173 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays lowered their price target on shares of 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 issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock opened at $82.28 on Tuesday. The company’s 50-day moving average price is $86.29 and its 200-day moving average price is $95.52. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The company has a market cap of $16.17 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 business earned $2.20 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) 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.