Adage Capital Partners GP L.L.C. Has $2.70 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Adage Capital Partners GP L.L.C. decreased its position in Omnicom Group Inc. (NYSE:OMC) by 83.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,410 shares of the business services provider’s stock after selling 152,968 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Omnicom Group were worth $2,703,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. World Investment Advisors LLC boosted its holdings in Omnicom Group by 209.7% during the third 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. Franklin Resources Inc. raised its stake in Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after acquiring an additional 38,022 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after acquiring an additional 50,153 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of Omnicom Group during the third quarter valued at $21,191,000. Finally, Avanza Fonder AB bought a new stake in shares of Omnicom Group in the 4th quarter worth about $1,544,000. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of a number of recent analyst reports. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Citigroup reiterated a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Barclays decreased their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Trading Up 0.6 %

Shares of NYSE OMC opened at $75.90 on Wednesday. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The firm has a market capitalization of $14.81 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company’s 50 day simple moving average is $78.44 and its 200 day simple moving average is $88.06.

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

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 38.30%.

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.