Cozad Asset Management Inc. Sells 950 Shares of Omnicom Group Inc. (NYSE:OMC)

Cozad Asset Management Inc. lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,078 shares of the business services provider’s stock after selling 950 shares during the period. Cozad Asset Management Inc.’s holdings in Omnicom Group were worth $1,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cibc World Markets Corp raised its stake in Omnicom Group by 2.0% in the fourth quarter. Cibc World Markets Corp now owns 158,025 shares of the business services provider’s stock worth $13,596,000 after buying an additional 3,054 shares in the last quarter. Gold Investment Management Ltd. raised its stake in Omnicom Group by 2.0% in the fourth quarter. Gold Investment Management Ltd. now owns 11,442 shares of the business services provider’s stock worth $984,000 after buying an additional 219 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Omnicom Group by 5.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,856 shares of the business services provider’s stock worth $1,192,000 after buying an additional 714 shares in the last quarter. Brandes Investment Partners LP raised its stake in Omnicom Group by 3.5% in the fourth quarter. Brandes Investment Partners LP now owns 701,362 shares of the business services provider’s stock worth $60,345,000 after buying an additional 23,411 shares in the last quarter. Finally, LBP AM SA raised its stake in Omnicom Group by 4.5% in the fourth quarter. LBP AM SA now owns 119,095 shares of the business services provider’s stock worth $10,247,000 after buying an additional 5,154 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $80.29 on Tuesday. The firm has a market capitalization of $15.78 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. 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 $78.69 and a 1-year high of $107.00. The company’s fifty day moving average price is $83.89 and its 200-day moving average price is $93.61.

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 the consensus estimate 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 period last year, the business earned $2.20 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OMC shares. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. cut their price target 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. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.25.

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.