Retirement Systems of Alabama Has $3.77 Million Position in Omnicom Group Inc. (NYSE:OMC)

Retirement Systems of Alabama trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,623 shares of the business services provider’s stock after selling 1,049 shares during the quarter. Retirement Systems of Alabama’s holdings in Omnicom Group were worth $3,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in Omnicom Group during the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC acquired a new stake in Omnicom Group in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. raised its position in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Omnicom Group during the 3rd quarter worth $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Omnicom Group by 116.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after buying an additional 323 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $93.19 on Tuesday. The business has a 50-day simple moving average of $93.01 and a 200 day simple moving average of $86.99. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Omnicom Group Inc. will post 7.81 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 Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OMC shares. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Macquarie increased their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, March 28th. UBS Group assumed coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group 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.