Omnicom Group Inc. (NYSE:OMC) Stock Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,844 shares of the business services provider’s stock after selling 524 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Omnicom Group were worth $1,894,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Omnicom Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after purchasing an additional 99,424 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after buying an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock worth $442,453,000 after acquiring an additional 51,148 shares during the period. First Trust Advisors LP lifted its position in shares of Omnicom Group by 23.8% in the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock worth $334,076,000 after acquiring an additional 747,575 shares during the period. Finally, Beutel Goodman & Co Ltd. lifted its position in shares of Omnicom Group by 7.1% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider’s stock worth $292,698,000 after acquiring an additional 224,870 shares during the period. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OMC shares. Citigroup reissued a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their target price on Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.43.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $71.08 on Friday. The business’s 50 day moving average price is $72.86 and its two-hundred day moving average price is $77.98. The company has a market cap of $13.77 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.94%. Omnicom Group’s dividend payout ratio (DPR) is currently 40.17%.

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.