Farmers & Merchants Investments Inc. Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Farmers & Merchants Investments Inc. lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,626 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Omnicom Group were worth $484,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OMC. World Investment Advisors LLC increased its holdings in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter valued at about $713,000. Thrivent Financial for Lutherans raised its holdings in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares during the period. Assetmark Inc. lifted its position in Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after acquiring an additional 9,774 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its holdings in Omnicom Group by 569.2% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 10,881 shares of the business services provider’s stock worth $1,125,000 after acquiring an additional 9,255 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OMC. UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays decreased their price objective 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. Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Down 0.6 %

OMC stock opened at $83.76 on Friday. The firm’s 50-day simple moving average is $88.46 and its 200 day simple moving average is $95.95. The stock has a market cap of $16.46 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. 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 fifty-two week low of $81.42 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 period last year, the firm posted $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 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.