Hartline Investment Corp Trims Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Hartline Investment Corp reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 12.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,376 shares of the business services provider’s stock after selling 460 shares during the period. Hartline Investment Corp’s holdings in Omnicom Group were worth $292,000 at the end of the most recent reporting period.

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

Omnicom Group Stock Up 1.9 %

OMC traded up $1.76 during trading on Wednesday, reaching $95.98. 2,167,130 shares of the stock traded hands, compared to its average volume of 1,654,403. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock’s 50-day simple moving average is $91.84 and its two-hundred day simple moving average is $85.78.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data 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. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Omnicom Group’s payout ratio is presently 37.84%.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OMC has been the subject of a number of analyst reports. Barclays increased their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Macquarie raised their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, March 28th. Finally, Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $103.40.

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.