Arvest Investments Inc. Trims Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Arvest Investments Inc. trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,905 shares of the business services provider’s stock after selling 1,542 shares during the period. Arvest Investments Inc.’s holdings in Omnicom Group were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of 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 valued at $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Omnicom Group during the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans grew its position in shares of Omnicom Group by 40.9% during the 3rd 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. Franklin Resources Inc. grew its position in shares of Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Omnicom Group by 15.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after purchasing an additional 50,153 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company dropped 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 report on Tuesday, December 10th. Finally, Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock opened at $81.46 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $16.01 billion, a PE ratio of 10.93, a P/E/G ratio of 1.94 and a beta of 0.98. The firm has a fifty day simple moving average of $83.78 and a two-hundred day simple moving average of $93.39. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period in the prior year, the firm earned $2.20 earnings per share. Research analysts expect 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.44%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

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.