Stratos Wealth Partners LTD. Has $250,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Stratos Wealth Partners LTD. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,887 shares of the business services provider’s stock after selling 123 shares during the period. Stratos Wealth Partners LTD.’s holdings in Omnicom Group were worth $250,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OMC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Omnicom Group by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock valued at $2,374,000 after acquiring an additional 1,284 shares during the period. Aviva PLC grew its position in Omnicom Group by 27.0% in the first quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock valued at $6,880,000 after acquiring an additional 17,251 shares during the period. Prudential PLC bought a new stake in Omnicom Group in the first quarter valued at $503,000. National Pension Service grew its position in Omnicom Group by 644.1% in the first quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock valued at $34,579,000 after acquiring an additional 352,639 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in Omnicom Group in the first quarter valued at $929,000. 91.97% of the stock is currently owned by institutional investors.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred 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 of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OMC has been the topic of several research analyst reports. Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. UBS Group initiated coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 target price on the stock. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Barclays increased their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company increased their target price on Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.44.

Omnicom Group Trading Down 0.0 %

NYSE:OMC opened at $90.55 on Tuesday. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.17 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $91.09 and its two-hundred day moving average price is $84.97. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23.

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

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 40.46%.

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.