Stratos Wealth Partners LTD. Sells 123 Shares of Omnicom Group Inc. (NYSE:OMC)

Stratos Wealth Partners LTD. lowered its position in Omnicom Group Inc. (NYSE:OMC) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,887 shares of the business services provider’s stock after selling 123 shares during the period. Stratos Wealth Partners LTD.’s holdings in Omnicom Group were worth $250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathstone Family Office LLC lifted its holdings in shares of Omnicom Group by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock valued at $1,084,000 after purchasing an additional 108 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Omnicom Group by 11.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 128 shares in the last quarter. Czech National Bank lifted its holdings in shares of Omnicom Group by 0.4% in the fourth quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock valued at $2,999,000 after purchasing an additional 134 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of Omnicom Group by 6.5% in the third quarter. Arlington Partners LLC now owns 2,232 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 136 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Omnicom Group by 0.3% in the first quarter. MML Investors Services LLC now owns 45,851 shares of the business services provider’s stock valued at $4,326,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Performance

NYSE:OMC opened at $90.55 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The business has a fifty day simple moving average of $91.09 and a two-hundred day simple moving average of $84.97. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a market capitalization of $17.86 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.17 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly 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 company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. On average, analysts expect that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a $0.70 dividend. 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 presently 40.46%.

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.