Omnicom Group Inc. (NYSE:OMC) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 108,987 shares of the business services provider’s stock after selling 3,395 shares during the period. Foster & Motley Inc.’s holdings in Omnicom Group were worth $9,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp increased its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the period. World Investment Advisors LLC boosted its position in Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after purchasing an additional 374,952 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares during the last quarter. Arvest Bank Trust Division purchased a new position in shares of Omnicom Group in the third quarter valued at $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Omnicom Group by 46.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after buying an additional 156,173 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OMC. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Down 0.3 %

OMC opened at $86.96 on Thursday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The business has a 50-day moving average of $91.23 and a two-hundred day moving average of $96.37.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.