Blue Trust Inc. Sells 808 Shares of Omnicom Group Inc. (NYSE:OMC)

Blue Trust Inc. cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 30.1% in the 4th quarter, Holdings Channel reports. The firm 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in Omnicom Group by 17.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after purchasing an additional 97 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in shares of Omnicom Group by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 102 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Omnicom Group by 1.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 113 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of Omnicom Group by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after acquiring an additional 120 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $83.52 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $85.73 and a two-hundred day moving average price of $95.29. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a market cap of $16.41 billion, a P/E ratio of 11.21, a PEG ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $2.20 earnings per share. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. 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%.

Wall Street Analyst Weigh In

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