Nilsine Partners LLC Has $578,000 Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Nilsine Partners LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,722 shares of the business services provider’s stock after purchasing an additional 331 shares during the period. Nilsine Partners LLC’s holdings in Omnicom Group were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors LLC boosted its position in Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after acquiring an additional 17,815 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Omnicom Group by 16.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after purchasing an additional 401 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Omnicom Group during the third quarter worth $713,000. Thrivent Financial for Lutherans grew its position in Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after purchasing an additional 8,643 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after buying an additional 9,774 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Omnicom Group Price Performance

NYSE:OMC opened at $87.18 on Wednesday. The company has a market cap of $17.01 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.88 and a beta of 0.98. The firm’s fifty day moving average price is $91.45 and its two-hundred day moving average price is $96.42. Omnicom Group Inc. has a one year low of $81.42 and a one year 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.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.21%. Omnicom Group’s dividend payout ratio is currently 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.