5,546 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Verity & Verity LLC

Verity & Verity LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, Holdings Channel reports. The firm acquired 5,546 shares of the business services provider’s stock, valued at approximately $477,000.

Other hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group during the fourth quarter valued at $25,000. Versant Capital Management Inc grew its position in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the 3rd quarter valued at about $33,000. Davis Capital Management purchased a new position in Omnicom Group in the third quarter worth about $36,000. Finally, HM Payson & Co. raised its holdings in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OMC shares. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Stock Performance

Shares of OMC opened at $85.41 on Friday. The firm has a market capitalization of $16.66 billion, a P/E ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The business has a fifty day moving average of $93.30 and a 200 day moving average of $96.47.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.28%. Omnicom Group’s dividend payout ratio is currently 38.25%.

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.