Louisiana State Employees Retirement System Lowers Stake in Omnicom Group Inc. (NYSE:OMC)

Louisiana State Employees Retirement System lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the business services provider’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Omnicom Group were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. Geode Capital Management LLC increased its holdings in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares in the last quarter. Barclays PLC increased its holdings in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after buying an additional 13,637 shares during the period. Bank of Montreal Can boosted its position in Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after purchasing an additional 134,927 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Omnicom Group by 16.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after purchasing an additional 97,661 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC stock opened at $82.28 on Tuesday. The company has a market capitalization of $16.17 billion, a P/E ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00. The business has a 50 day simple moving average of $86.29 and a 200-day simple moving average of $95.52. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

About Omnicom Group

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.