Olstein Capital Management L.P. lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,000 shares of the business services provider’s stock after selling 3,600 shares during the period. Omnicom Group accounts for approximately 1.3% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 19th biggest holding. Olstein Capital Management L.P.’s holdings in Omnicom Group were worth $8,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. lifted its holdings in shares of Omnicom Group by 1,169.5% in the 4th quarter. American International Group Inc. now owns 5,683,553 shares of the business services provider’s stock valued at $416,263,000 after buying an additional 5,235,862 shares during the period. Vanguard Group Inc boosted its position in shares of Omnicom Group by 24.9% in the third quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock worth $1,443,122,000 after buying an additional 4,228,195 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Omnicom Group by 6,842.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,974,955 shares of the business services provider’s stock worth $54,000 after buying an additional 3,917,700 shares during the period. Norges Bank purchased a new stake in shares of Omnicom Group in the fourth quarter worth about $158,391,000. Finally, BlackRock Inc. boosted its position in shares of Omnicom Group by 5.3% in the fourth quarter. BlackRock Inc. now owns 15,884,989 shares of the business services provider’s stock worth $1,163,417,000 after buying an additional 796,300 shares during the period.

In related news, Director Leonard S. Coleman, Jr. sold 2,556 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $75.25, for a total value of $192,339.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew Castellaneta sold 4,400 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $80.24, for a total value of $353,056.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,369 shares of company stock worth $1,000,965. Insiders own 1.10% of the company’s stock.

Several brokerages have recently weighed in on OMC. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Friday, January 25th. Barclays raised Omnicom Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $76.00 to $84.00 in a research report on Wednesday, April 17th. Citigroup upped their target price on Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. BMO Capital Markets upped their target price on Omnicom Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, Macquarie set a $76.00 target price on Omnicom Group and gave the stock a “hold” rating in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $76.90.

NYSE:OMC opened at $80.08 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.79 and a current ratio of 0.88. Omnicom Group Inc. has a one year low of $65.85 and a one year high of $84.35. The stock has a market capitalization of $17.51 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.09. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Omnicom Group Inc. will post 5.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 14th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 13th. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

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About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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