Center for Financial Planning Inc. Sells 249 Shares of Omnicom Group Inc. (NYSE:OMC)

Center for Financial Planning Inc. lessened its position in Omnicom Group Inc. (NYSE:OMC) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 8,971 shares of the business services provider’s stock after selling 249 shares during the period. Center for Financial Planning Inc.’s holdings in Omnicom Group were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OMC. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the third quarter valued at about $33,000. HM Payson & Co. boosted its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Trust Co. of Vermont boosted its position 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. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut 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 report on Monday, January 27th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $82.28 on Friday. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. The company has a 50 day simple moving average of $86.71 and a two-hundred day simple moving average of $95.65. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business earned $2.20 earnings per share. Analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend 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 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.