Omnicom Group Inc. (NYSE:OMC) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,323 shares of the business services provider’s stock after selling 273 shares during the period. D.A. Davidson & CO.’s holdings in Omnicom Group were worth $544,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Truist Financial Corp boosted its holdings in shares of Omnicom Group by 12.5% in the 4th quarter. Truist Financial Corp now owns 609,532 shares of the business services provider’s stock valued at $52,444,000 after buying an additional 67,816 shares during the period. CIBC Asset Management Inc boosted its stake in Omnicom Group by 1.5% during the 4th quarter. CIBC Asset Management Inc now owns 34,203 shares of the business services provider’s stock valued at $2,943,000 after purchasing an additional 516 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Omnicom Group during the 4th quarter valued at about $62,000. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Omnicom Group by 36.7% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 76,153 shares of the business services provider’s stock valued at $6,552,000 after purchasing an additional 20,463 shares during the period. Finally, Allworth Financial LP boosted its stake in Omnicom Group by 85.1% during the 4th quarter. Allworth Financial LP now owns 2,431 shares of the business services provider’s stock valued at $209,000 after purchasing an additional 1,118 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 0.1 %

OMC stock opened at $83.84 on Wednesday. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The firm’s 50-day moving average is $85.19 and its two-hundred day moving average is $95.08. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the company posted $2.20 EPS. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 dividend yield of 3.34%. Omnicom Group’s payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of 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. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group 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.