Meeder Advisory Services Inc. Cuts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Meeder Advisory Services Inc. cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,494 shares of the business services provider’s stock after selling 492 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Omnicom Group were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Trust Advisors LP boosted its stake in shares of Omnicom Group by 683.2% in the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after acquiring an additional 2,579,717 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after acquiring an additional 1,503,249 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Omnicom Group by 81.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock worth $144,111,000 after acquiring an additional 683,810 shares during the last quarter. Boston Partners boosted its stake in shares of Omnicom Group by 21.7% in the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after acquiring an additional 664,800 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Omnicom Group in the first quarter worth approximately $59,124,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

NYSE:OMC opened at $91.75 on Thursday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $18.09 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.23 and a beta of 0.97. The stock’s fifty day moving average is $90.99 and its two-hundred day moving average is $84.53.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 3.05%. Omnicom Group’s dividend payout ratio is currently 40.46%.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of research analyst reports. Barclays lifted their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group began coverage on Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

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.