HF Advisory Group LLC Acquires 214 Shares of Omnicom Group Inc. (NYSE:OMC)

HF Advisory Group LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,874 shares of the business services provider’s stock after purchasing an additional 214 shares during the period. HF Advisory Group LLC’s holdings in Omnicom Group were worth $333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC lifted its holdings in shares of Omnicom Group by 25.1% in the fourth quarter. HB Wealth Management LLC now owns 5,286 shares of the business services provider’s stock worth $455,000 after buying an additional 1,062 shares in the last quarter. Trust Co. of Vermont increased its holdings in 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 acquiring an additional 490 shares during the last quarter. Verity & Verity LLC purchased a new stake in Omnicom Group in the 4th quarter worth $477,000. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Omnicom Group by 40.5% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 6,423 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 1,851 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Omnicom Group by 57.1% during the fourth quarter. Brooklyn Investment Group now owns 831 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 302 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Omnicom Group stock opened at $85.41 on Friday. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $93.30 and a 200-day moving average price of $96.52. The firm has a market capitalization of $16.66 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98.

Omnicom Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OMC shares. JPMorgan Chase & Co. raised their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered 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. 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. Finally, Barclays upped their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $110.00.

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.