Wealthcare Advisory Partners LLC Grows Stock Position in Omnicom Group Inc. (NYSE:OMC)

Wealthcare Advisory Partners LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,539 shares of the business services provider’s stock after acquiring an additional 447 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Omnicom Group were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OMC. State Street Corp boosted its stake in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Geode Capital Management LLC lifted its position in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC grew its holdings in Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after purchasing an additional 13,637 shares during the period. Millennium Management LLC increased its position in Omnicom Group by 73.0% in the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock worth $68,919,000 after buying an additional 324,196 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Omnicom Group by 2.5% in the second quarter. Epoch Investment Partners Inc. now owns 733,679 shares of the business services provider’s stock worth $65,811,000 after buying an additional 17,651 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Omnicom Group Trading Down 0.5 %

OMC stock opened at $85.41 on Monday. Omnicom Group Inc. has a twelve month low of $81.42 and a twelve month high of $107.00. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $93.30 and its two-hundred day simple moving average is $96.57.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 38.25%.

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.