Omnicom Group Inc. (NYSE:OMC) Shares Sold by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,059 shares of the business services provider’s stock after selling 665 shares during the quarter. Omnicom Group comprises about 3.4% of Mcrae Capital Management Inc.’s portfolio, making the stock its 11th largest holding. Mcrae Capital Management Inc. owned about 0.10% of Omnicom Group worth $17,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc increased its position in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the period. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter worth $33,000. HM Payson & Co. lifted its position in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after acquiring an additional 169 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group during the 3rd quarter valued at about $55,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $81.89 on Friday. The company has a market capitalization of $16.09 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The company’s fifty day moving average price is $87.14 and its 200 day moving average price is $95.75. Omnicom Group Inc. has a 1 year low of $80.31 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $2.20 EPS. On average, research analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed 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 3.42%. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays dropped their price objective 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. Finally, Wells Fargo & Company cut their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group 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.