Acropolis Investment Management LLC Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Acropolis Investment Management LLC lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,838 shares of the business services provider’s stock after selling 1,681 shares during the period. Acropolis Investment Management LLC’s holdings in Omnicom Group were worth $1,535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc lifted its holdings in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $36,000. Finally, HM Payson & Co. raised its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays boosted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut their price objective on shares of 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. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Stock Performance

Omnicom Group stock opened at $84.63 on Wednesday. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The stock’s 50-day moving average is $94.45 and its 200-day moving average is $96.64.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the firm posted $1.86 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 38.25%.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.