Mirova Trims Stock Position in Omnicom Group Inc. (NYSE:OMC)

Mirova decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,954 shares of the business services provider’s stock after selling 333 shares during the quarter. Mirova’s holdings in Omnicom Group were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after acquiring an additional 13,637 shares during the period. Virtu Financial LLC purchased a new position in Omnicom Group during the third quarter valued at $498,000. World Investment Advisors LLC grew its holdings in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares during the period. Arvest Bank Trust Division bought a new stake in Omnicom Group during the third quarter valued at about $21,191,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Omnicom Group in the third quarter worth about $740,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $73.16 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The business has a 50 day simple moving average of $79.57 and a two-hundred day simple moving average of $89.39. The stock has a market capitalization of $14.38 billion, a PE ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s payout ratio is 38.30%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Barclays cut their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

About Omnicom Group

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.