Omnicom Group Inc. (NYSE:OMC) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 301,664 shares of the business services provider’s stock after selling 1,263 shares during the quarter. Welch & Forbes LLC’s holdings in Omnicom Group were worth $26,097,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OMC. Greenleaf Trust increased its position in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after buying an additional 119 shares in the last quarter. Cambridge Trust Co. boosted its position in Omnicom Group by 4.2% during the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after acquiring an additional 121 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 124 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. Finally, Czech National Bank raised its holdings in shares of Omnicom Group by 0.4% in the 4th quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock worth $2,999,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded up $0.44 during mid-day trading on Monday, reaching $93.19. 1,387,192 shares of the company traded hands, compared to its average volume of 1,648,076. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The firm has a market cap of $18.25 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The stock has a fifty day simple moving average of $93.01 and a 200-day simple moving average of $86.99. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 3.00%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OMC shares. UBS Group started coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. Macquarie boosted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, Barclays boosted their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

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.