Omnicom Group Inc. (NYSE:OMC) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 46.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,290 shares of the business services provider’s stock after selling 16,456 shares during the quarter. Redwood Investment Management LLC’s holdings in Omnicom Group were worth $1,660,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock worth $1,982,518,000 after buying an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp raised its position in Omnicom Group by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock worth $442,453,000 after acquiring an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Omnicom Group by 23.8% in the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock valued at $334,076,000 after purchasing an additional 747,575 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays cut their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. UBS Group reduced 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. Finally, Citigroup restated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Omnicom Group Stock Performance

NYSE:OMC opened at $76.30 on Friday. The firm’s fifty day simple moving average is $76.89 and its 200 day simple moving average is $85.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.94 and a beta of 0.95.

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, beating 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 company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.67%. Omnicom Group’s 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.