First Horizon Advisors Inc. Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

First Horizon Advisors Inc. boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,285 shares of the business services provider’s stock after buying an additional 8,118 shares during the quarter. First Horizon Advisors Inc. owned 0.12% of Omnicom Group worth $19,900,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in shares of Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the period. HM Payson & Co. grew its stake in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont raised 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 buying an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OMC. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, 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 research report on Monday, January 27th. 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 a consensus price target of $108.25.

Omnicom Group Trading Down 1.6 %

NYSE OMC opened at $82.27 on Friday. Omnicom Group Inc. has a 52 week low of $80.31 and a 52 week high of $107.00. The firm has a 50 day moving average of $85.44 and a two-hundred day moving average of $95.18. The stock has a market capitalization of $16.16 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last issued 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 prior year, the company earned $2.20 earnings per share. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. Omnicom Group’s payout ratio is currently 37.58%.

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.