Cambridge Trust Co. Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Cambridge Trust Co. lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,860 shares of the business services provider’s stock after selling 150 shares during the period. Cambridge Trust Co.’s holdings in Omnicom Group were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new stake in shares of Omnicom Group during the 2nd quarter valued at approximately $27,000. Hexagon Capital Partners LLC raised its holdings in Omnicom Group by 112.6% during the third quarter. Hexagon Capital Partners LLC now owns 691 shares of the business services provider’s stock worth $44,000 after purchasing an additional 366 shares during the last quarter. Private Trust Co. NA purchased a new stake in Omnicom Group during the second quarter worth $44,000. Parkside Financial Bank & Trust grew its holdings in Omnicom Group by 30.8% in the third quarter. Parkside Financial Bank & Trust now owns 908 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 214 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new position in shares of Omnicom Group in the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Omnicom Group Trading Down 1.3 %

Shares of OMC opened at $86.17 on Friday. Omnicom Group Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $96.52. The company has a market capitalization of $17.47 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.74 and a beta of 0.83. The stock has a fifty day moving average of $88.70 and a two-hundred day moving average of $78.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.89 and a current ratio of 0.97.

Omnicom Group (NYSE:OMC – Get Rating) last released its earnings results on Tuesday, February 7th. The business services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.94 by $0.15. Omnicom Group had a return on equity of 41.20% and a net margin of 9.21%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts forecast that Omnicom Group Inc. will post 7.15 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Friday, March 10th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.25%. Omnicom Group’s dividend payout ratio is presently 43.96%.

Analyst Ratings Changes

Several equities research analysts recently commented on OMC shares. Barclays boosted their price objective on shares of Omnicom Group from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. Morgan Stanley upgraded shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $95.00 in a research report on Wednesday, February 8th. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Wells Fargo & Company increased their target price on Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, StockNews.com initiated coverage on Omnicom Group in a report on Thursday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $97.33.

About Omnicom Group

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.