Omnicom Group Inc. (NYSE:OMC) Holdings Lifted by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,911 shares of the business services provider’s stock after buying an additional 520 shares during the quarter. Avior Wealth Management LLC’s holdings in Omnicom Group were worth $1,111,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc boosted its position in shares of Omnicom Group by 645.2% in the 4th 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 during the period. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $33,000. Davis Capital Management acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $36,000. Finally, HM Payson & Co. boosted its position in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.5 %

Shares of Omnicom Group stock opened at $86.60 on Friday. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00. The stock has a 50-day simple moving average of $91.85 and a 200-day simple moving average of $96.39.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. Omnicom Group’s dividend payout ratio is 38.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company decreased their price target 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. UBS Group raised their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.63.

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.