Watershed Asset Management L.L.C. Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Watershed Asset Management L.L.C. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,585 shares of the business services provider’s stock after selling 170 shares during the period. Watershed Asset Management L.L.C.’s holdings in Omnicom Group were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Omnicom Group during the third quarter valued at $25,000. Pinnacle Bancorp Inc. raised its position in shares of Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 199 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Omnicom Group in the third quarter worth about $38,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after acquiring an additional 323 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Moffett Nathanson lifted their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Trading Up 0.5 %

Omnicom Group stock traded up $0.45 during trading hours on Tuesday, hitting $94.22. The company had a trading volume of 1,416,948 shares, compared to its average volume of 1,647,824. The firm has a market cap of $18.45 billion, a P/E ratio of 12.73, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a 50-day moving average price of $91.84 and a two-hundred day moving average price of $85.78. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Omnicom Group 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.