Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.92 Million Position in Omnicom Group Inc. $OMC

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Omnicom Group Inc. (NYSE:OMC) by 27.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,851 shares of the business services provider’s stock after selling 13,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Omnicom Group were worth $2,923,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Procyon Advisors LLC raised its holdings in shares of Omnicom Group by 40.3% in the third quarter. Procyon Advisors LLC now owns 20,434 shares of the business services provider’s stock valued at $1,666,000 after purchasing an additional 5,865 shares during the last quarter. LVZ Inc. acquired a new position in Omnicom Group during the third quarter worth $539,000. TD Private Client Wealth LLC grew its position in Omnicom Group by 18.7% in the third quarter. TD Private Client Wealth LLC now owns 9,406 shares of the business services provider’s stock valued at $767,000 after purchasing an additional 1,483 shares in the last quarter. Quent Capital LLC acquired a new stake in Omnicom Group in the 3rd quarter valued at $39,000. Finally, Nordea Investment Management AB lifted its position in Omnicom Group by 9.0% during the 3rd quarter. Nordea Investment Management AB now owns 18,657 shares of the business services provider’s stock worth $1,536,000 after buying an additional 1,539 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.3%

OMC opened at $79.81 on Monday. The stock’s fifty day simple moving average is $76.67 and its 200 day simple moving average is $76.27. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $89.35. The stock has a market cap of $15.40 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 earnings per share. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 annualized dividend and a yield of 4.0%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is currently 47.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on OMC. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Bank of America restated an “underperform” rating and issued a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. UBS Group increased their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Morgan Stanley started coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.14.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.