Vontobel Holding Ltd. Sells 1,700 Shares of Omnicom Group Inc. (NYSE:OMC)

Vontobel Holding Ltd. lowered its position in Omnicom Group Inc. (NYSE:OMC) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,574 shares of the business services provider’s stock after selling 1,700 shares during the quarter. Vontobel Holding Ltd. owned about 0.09% of Omnicom Group worth $15,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $1,038,000. Graypoint LLC raised its stake in shares of Omnicom Group by 45.0% in the fourth quarter. Graypoint LLC now owns 4,060 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 1,260 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Omnicom Group by 7.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 5,139 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 340 shares during the period. Vaughan David Investments LLC IL raised its stake in shares of Omnicom Group by 1.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 430,839 shares of the business services provider’s stock valued at $37,272,000 after acquiring an additional 5,795 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Omnicom Group by 13.9% in the fourth quarter. Cerity Partners LLC now owns 11,421 shares of the business services provider’s stock valued at $988,000 after acquiring an additional 1,397 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, 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 owned by insiders.

Omnicom Group Stock Performance

OMC opened at $90.55 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $17.86 billion, a PE ratio of 13.09, a P/E/G ratio of 2.17 and a beta of 0.97. The firm has a 50 day moving average of $91.09 and a two-hundred day moving average of $84.97. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 40.46%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Macquarie raised their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company raised their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.44.

About Omnicom Group

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.