Foster & Motley Inc. Trims Position in Omnicom Group Inc. (NYSE:OMC)

Foster & Motley Inc. cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,987 shares of the business services provider’s stock after selling 3,395 shares during the period. Foster & Motley Inc. owned approximately 0.06% of Omnicom Group worth $9,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group in the 3rd quarter valued at about $33,000. Davis Capital Management acquired a new position in Omnicom Group in the third quarter valued at about $36,000. Finally, HM Payson & Co. boosted its stake in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OMC. UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. 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 research note on Monday. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Down 0.3 %

Shares of NYSE:OMC opened at $86.96 on Thursday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The firm’s 50 day moving average price is $91.23 and its 200 day moving average price is $96.37. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.