Omnicom Group Inc. (NYSE:OMC) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,218 shares of the business services provider’s stock after selling 333 shares during the quarter. Sanctuary Advisors LLC’s holdings in Omnicom Group were worth $1,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc grew its position in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the period. HM Payson & Co. raised its stake 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 buying an additional 169 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Omnicom Group in the third quarter worth about $55,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Up 1.7 %

Shares of NYSE OMC opened at $83.70 on Tuesday. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company’s 50-day simple moving average is $85.29 and its 200-day simple moving average is $95.15. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (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 period in the previous year, the business posted $2.20 EPS. Equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. Omnicom Group’s payout ratio is currently 37.58%.

Analysts Set New Price Targets

Several research analysts recently weighed in on OMC shares. Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price 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.