Kentucky Retirement Systems Has $1.16 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Kentucky Retirement Systems lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,445 shares of the business services provider’s stock after selling 185 shares during the quarter. Kentucky Retirement Systems’ holdings in Omnicom Group were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OMC. Hussman Strategic Advisors Inc. acquired a new stake in Omnicom Group during the 4th quarter worth approximately $2,168,000. Concurrent Investment Advisors LLC increased its position in shares of Omnicom Group by 14.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,544 shares of the business services provider’s stock worth $477,000 after acquiring an additional 696 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Omnicom Group by 119.6% during the fourth quarter. Handelsbanken Fonder AB now owns 96,051 shares of the business services provider’s stock worth $8,264,000 after acquiring an additional 52,320 shares during the period. Alberta Investment Management Corp bought a new stake in Omnicom Group in the 4th quarter valued at $4,646,000. Finally, Global Retirement Partners LLC boosted its stake in Omnicom Group by 7.6% in the 4th quarter. Global Retirement Partners LLC now owns 18,026 shares of the business services provider’s stock worth $1,551,000 after purchasing an additional 1,267 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $82.27 on Monday. The company has a fifty day moving average price of $85.44 and a two-hundred day moving average price of $95.22. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The stock has a market cap of $16.16 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $2.20 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

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 given 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 37.58%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.