Omnicom Group Inc. $OMC Stock Holdings Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 35.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 330,065 shares of the business services provider’s stock after purchasing an additional 86,357 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Omnicom Group worth $26,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. Capital A Wealth Management LLC boosted its stake in Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after buying an additional 318 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Omnicom Group in the second quarter worth about $29,000. Meeder Asset Management Inc. lifted its holdings in Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group during the 2nd quarter valued at about $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Omnicom Group during the 2nd quarter valued at about $37,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. Bank of America reiterated an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. UBS Group lifted their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday. Morgan Stanley assumed coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective for the company. Finally, Barclays lifted their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Trading Up 0.7%

Omnicom Group stock opened at $79.81 on Monday. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $89.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.33 and a beta of 0.74. The company has a 50 day moving average price of $77.26 and a 200 day moving average price of $76.45.

Omnicom Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a dividend of $0.80 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 47.27%.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.