Arvest Investments Inc. Sells 1,542 Shares of Omnicom Group Inc. (NYSE:OMC)

Arvest Investments Inc. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,905 shares of the business services provider’s stock after selling 1,542 shares during the quarter. Arvest Investments Inc.’s holdings in Omnicom Group were worth $1,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Omnicom Group during the fourth quarter valued at about $79,321,000. State Street Corp increased its position 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 valued at $1,468,615,000 after buying an additional 759,980 shares during the period. World Investment Advisors LLC increased its position in shares of 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 valued at $39,645,000 after buying an additional 374,952 shares during the period. Arvest Bank Trust Division purchased a new position in shares of Omnicom Group during the third quarter valued at about $21,191,000. Finally, Bank of New York Mellon Corp increased its position in shares of Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after buying an additional 156,438 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Up 0.0 %

NYSE:OMC opened at $81.46 on Thursday. The company’s 50 day moving average price is $83.78 and its 200-day moving average price is $93.39. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the business earned $2.20 EPS. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OMC. Barclays reduced 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 report on Friday, January 24th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

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.