Blue Trust Inc. Has $161,000 Holdings in Omnicom Group Inc. (NYSE:OMC)

Blue Trust Inc. reduced its position in Omnicom Group Inc. (NYSE:OMC) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,876 shares of the business services provider’s stock after selling 808 shares during the period. Blue Trust Inc.’s holdings in Omnicom Group were worth $161,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. HM Payson & Co. increased its holdings in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Omnicom Group during the 3rd quarter valued at about $55,000. Finally, Trust Co. of Vermont increased its holdings in shares of Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $83.52 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.41 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The business’s 50 day moving average price is $85.73 and its two-hundred day moving average price is $95.29. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company earned $2.20 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Company 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.