Omnicom Group Inc. $OMC Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 83.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,798 shares of the business services provider’s stock after selling 136,254 shares during the quarter. Teacher Retirement System of Texas’ holdings in Omnicom Group were worth $2,185,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of OMC. Vanguard Group Inc. grew its stake in shares of Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after buying an additional 344,652 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Omnicom Group by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after acquiring an additional 691,560 shares during the last quarter. JPMorgan Chase & Co. grew its position in Omnicom Group by 117.9% during the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after acquiring an additional 3,362,411 shares during the period. Geode Capital Management LLC increased its stake in Omnicom Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock worth $382,717,000 after acquiring an additional 48,868 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Omnicom Group by 38.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after purchasing an additional 1,255,197 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OMC shares. UBS Group boosted their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Morgan Stanley began coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. Barclays lifted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, Bank of America reiterated an “underperform” rating and issued a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.14.

Omnicom Group Trading Up 1.7%

Shares of OMC opened at $77.04 on Friday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.27. The stock has a 50-day moving average price of $77.72 and a 200 day moving average price of $76.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $14.87 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.26 and a beta of 0.74.

Omnicom Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were issued a $0.80 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio is currently 47.27%.

Omnicom Group 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.