Pinkerton Retirement Specialists LLC Grows Holdings in Omnicom Group Inc. (NYSE:OMC)

Pinkerton Retirement Specialists LLC raised its position in Omnicom Group Inc. (NYSE:OMC) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,607 shares of the business services provider’s stock after buying an additional 1,824 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Omnicom Group were worth $4,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Barclays PLC increased its holdings in Omnicom Group by 1.7% in the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after buying an additional 13,637 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Omnicom Group by 33.2% in the fourth quarter. Merit Financial Group LLC now owns 2,971 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 740 shares during the period. HB Wealth Management LLC grew its position in shares of Omnicom Group by 25.1% in the fourth quarter. HB Wealth Management LLC now owns 5,286 shares of the business services provider’s stock valued at $455,000 after purchasing an additional 1,062 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Omnicom Group by 2.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 117,418 shares of the business services provider’s stock valued at $10,103,000 after purchasing an additional 2,756 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Omnicom Group by 15.4% in the fourth 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 during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $73.59 on Thursday. The firm has a market capitalization of $14.36 billion, a PE ratio of 9.88, a PEG ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The firm’s 50-day moving average price is $76.50 and its 200 day moving average price is $85.27. 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 (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.81%. Omnicom Group’s payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several research analyst reports. Barclays dropped their target price on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup reiterated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target 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.