Omnicom Group Inc. $OMC Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Omnicom Group Inc. (NYSE:OMC) by 83.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,798 shares of the business services provider’s stock after selling 136,254 shares during the quarter. Teacher Retirement System of Texas’ holdings in Omnicom Group were worth $2,185,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in Omnicom Group by 3.5% during the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after buying an additional 2,855 shares in the last quarter. Defender Capital LLC. acquired a new stake in shares of Omnicom Group during the 2nd quarter valued at approximately $360,000. Vanguard Group Inc. boosted its stake in shares of Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after acquiring an additional 344,652 shares in the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $10,361,000. Finally, Invesco Ltd. increased its stake in Omnicom Group by 6.7% in the 2nd quarter. Invesco Ltd. now owns 2,629,233 shares of the business services provider’s stock valued at $189,147,000 after purchasing an additional 165,946 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.7%

Shares of NYSE OMC opened at $77.04 on Friday. The firm has a market cap of $14.87 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $89.27. The firm’s 50 day moving average price is $77.72 and its 200 day moving average price is $76.56.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were paid a $0.80 dividend. The ex-dividend date was Friday, December 19th. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.2%. Omnicom Group’s payout ratio is currently 47.27%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Morgan Stanley initiated coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Bank of America reaffirmed an “underperform” rating and issued a $77.00 price target (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Finally, UBS Group raised their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.