Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 146.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328 shares of the business services provider’s stock after purchasing an additional 195 shares during the quarter. Venturi Wealth Management LLC’s holdings in Omnicom Group were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in 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 grew its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares during the period. HM Payson & Co. increased its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. Brooklyn Investment Group purchased a new position in Omnicom Group during the third quarter worth approximately $55,000. Finally, Trust Co. of Vermont boosted 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 purchasing an additional 490 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Omnicom Group stock opened at $83.69 on Thursday. The firm has a market capitalization of $16.44 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The stock’s 50 day moving average price is $85.11 and its 200 day moving average price is $95.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last posted 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 quarter in the previous year, the company earned $2.20 EPS. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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

Analyst Ratings Changes

OMC has been the subject of a number of research analyst reports. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays lowered 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. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut 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 report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.