Wetherby Asset Management Inc. Has $795,000 Position in Omnicom Group Inc. (OMC)

Wetherby Asset Management Inc. cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,347 shares of the company’s stock after selling 87 shares during the period. Wetherby Asset Management Inc.’s holdings in Omnicom Group were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Institutional Capital LLC boosted its stake in shares of Omnicom Group by 138.8% in the fourth quarter. Institutional Capital LLC now owns 2,350,056 shares of the company’s stock valued at $200,013,000 after buying an additional 1,365,822 shares during the last quarter. Morgan Stanley boosted its stake in shares of Omnicom Group by 158.4% in the third quarter. Morgan Stanley now owns 918,691 shares of the company’s stock valued at $78,088,000 after buying an additional 563,152 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Omnicom Group by 86.3% in the second quarter. Panagora Asset Management Inc. now owns 897,099 shares of the company’s stock valued at $73,105,000 after buying an additional 415,671 shares during the last quarter. American International Group Inc. boosted its stake in shares of Omnicom Group by 7.5% in the third quarter. American International Group Inc. now owns 5,774,441 shares of the company’s stock valued at $490,827,000 after buying an additional 400,521 shares during the last quarter. Finally, Herndon Capital Management LLC boosted its stake in shares of Omnicom Group by 1,646,204.5% in the third quarter. Herndon Capital Management LLC now owns 362,187 shares of the company’s stock valued at $30,785,000 after buying an additional 362,165 shares during the last quarter. Institutional investors own 96.46% of the company’s stock.

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

Omnicom Group Inc. (NYSE:OMC) traded up 0.80% during midday trading on Friday, reaching $85.33. The company’s stock had a trading volume of 1,447,751 shares. Omnicom Group Inc. has a 1-year low of $73.15 and a 1-year high of $89.66. The company has a 50 day moving average of $85.61 and a 200-day moving average of $84.30. The company has a market capitalization of $20.13 billion, a P/E ratio of 17.85 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The business earned $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Omnicom Group had a return on equity of 40.34% and a net margin of 7.42%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. Equities research analysts anticipate that Omnicom Group Inc. will post $5.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Stockholders of record on Thursday, March 9th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, March 7th. Omnicom Group’s dividend payout ratio is currently 45.93%.

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Several analysts have issued reports on OMC shares. Pivotal Research upped their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 17th. Wedbush upped their price target on Omnicom Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Jefferies Group LLC reaffirmed a “hold” rating on shares of Omnicom Group in a research note on Wednesday. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Thursday. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.27.

In other news, Director Leonard S. Coleman, Jr. sold 986 shares of Omnicom Group stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $87.74, for a total value of $86,511.64. Following the completion of the sale, the director now owns 26,829 shares of the company’s stock, valued at $2,353,976.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

5 Day Chart for NYSE:OMC

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