Nilsine Partners LLC Lowers Stake in Omnicom Group Inc. (NYSE:OMC)

Nilsine Partners LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,435 shares of the business services provider’s stock after selling 287 shares during the period. Nilsine Partners LLC’s holdings in Omnicom Group were worth $534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Monte Financial Group LLC boosted its position in Omnicom Group by 12.2% in the 1st quarter. Monte Financial Group LLC now owns 65,463 shares of the business services provider’s stock valued at $5,428,000 after buying an additional 7,136 shares during the period. Meriwether Wealth & Planning LLC boosted its position in Omnicom Group by 17.5% in the 1st quarter. Meriwether Wealth & Planning LLC now owns 6,418 shares of the business services provider’s stock valued at $532,000 after buying an additional 957 shares during the period. Blue Trust Inc. boosted its position in Omnicom Group by 22.0% in the 1st quarter. Blue Trust Inc. now owns 2,289 shares of the business services provider’s stock valued at $190,000 after buying an additional 413 shares during the period. Centennial Wealth Advisory LLC boosted its position in Omnicom Group by 20.5% in the 1st quarter. Centennial Wealth Advisory LLC now owns 6,054 shares of the business services provider’s stock valued at $502,000 after buying an additional 1,032 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Omnicom Group by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 42,519 shares of the business services provider’s stock valued at $3,524,000 after buying an additional 770 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $70.13 on Friday. The company’s fifty day moving average price is $73.82 and its 200 day moving average price is $80.38. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. The firm has a market capitalization of $13.68 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.69 and a beta of 0.93.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.99%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays reduced their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup restated a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $101.29.

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.