Pacer Advisors Inc. Cuts Holdings in Omnicom Group Inc. $OMC

Pacer Advisors Inc. lowered its position in Omnicom Group Inc. (NYSE:OMC) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,316,832 shares of the business services provider’s stock after selling 1,218,108 shares during the period. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $106,334,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Activest Wealth Management boosted its position in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID raised its stake in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the period. Finally, EFG International AG acquired a new stake in Omnicom Group in the 4th quarter valued at $28,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Barclays boosted their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Citigroup decreased their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, UBS Group lifted their price objective on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Trading Down 6.5%

Shares of OMC stock opened at $71.36 on Friday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The stock’s fifty day moving average is $75.49 and its two-hundred day moving average is $76.76. The firm has a market capitalization of $20.34 billion, a P/E ratio of 182.99, a PEG ratio of 0.46 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. Research analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.5%. Omnicom Group’s dividend payout ratio is presently 820.51%.

Omnicom Group Company 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.