Omnicom Group Inc. $OMC Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 54.1% during the third quarter, Holdings Channel reports. The firm owned 7,759 shares of the business services provider’s stock after selling 9,135 shares during the period. Machina Capital S.A.S.’s holdings in Omnicom Group were worth $633,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Omnicom Group by 9.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,661 shares of the business services provider’s stock worth $1,846,000 after buying an additional 2,202 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Omnicom Group in the 2nd quarter worth about $34,000. Tectonic Advisors LLC lifted its stake in shares of Omnicom Group by 14.4% in the 2nd quarter. Tectonic Advisors LLC now owns 6,245 shares of the business services provider’s stock valued at $449,000 after purchasing an additional 784 shares in the last quarter. Leo Wealth LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $265,000. Finally, Blair William & Co. IL grew its holdings in shares of Omnicom Group by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 117,373 shares of the business services provider’s stock worth $8,444,000 after purchasing an additional 315 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on OMC. Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group increased their price target on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Morgan Stanley initiated coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.14.

Omnicom Group Price Performance

OMC opened at $69.13 on Friday. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.27. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.12 and a beta of 0.74. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $77.56 and a 200 day simple moving average of $76.53.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.6%. Omnicom Group’s dividend payout ratio is presently 47.27%.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.