Mirova Sells 333 Shares of Omnicom Group Inc. (NYSE:OMC)

Mirova trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,954 shares of the business services provider’s stock after selling 333 shares during the quarter. Mirova’s holdings in Omnicom Group were worth $684,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. grew its position in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $73.16 on Friday. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The business’s fifty day simple moving average is $79.57 and its two-hundred day simple moving average is $89.39. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. Omnicom Group’s payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OMC shares. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays dropped their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Citigroup reaffirmed a “buy” rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

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.