Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3,954.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,452 shares of the business services provider’s stock after acquiring an additional 272,560 shares during the period. Worldquant Millennium Advisors LLC owned 0.14% of Omnicom Group worth $24,044,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. grew its stake in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after buying an additional 200 shares during the period. CoreCap Advisors LLC grew its stake in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after buying an additional 404 shares during the period. Whittier Trust Co. grew its stake in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.1%

OMC stock opened at $76.10 on Wednesday. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a market cap of $14.85 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $76.65 and its 200 day moving average price is $85.35.

Omnicom Group (NYSE:OMC) last issued 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. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.68%. Omnicom Group’s payout ratio is 38.30%.

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. UBS Group lowered their price objective 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. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Citigroup reissued a “buy” rating and issued a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Barclays decreased their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.29.

About Omnicom Group

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.