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

Clark Capital Management Group Inc. decreased its stake in Omnicom Group Inc. (NYSE:OMC) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,031,936 shares of the business services provider’s stock after selling 164,624 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.53% of Omnicom Group worth $88,788,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc boosted its position in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

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

Omnicom Group Stock Performance

Shares of OMC stock opened at $75.83 on Thursday. The company has a 50 day moving average price of $77.63 and a 200-day moving average price of $87.01. 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 firm has a market capitalization of $14.79 billion, a PE ratio of 10.18, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. 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.