Alps Advisors Inc. Sells 20,372 Shares of Omnicom Group Inc. $OMC

Alps Advisors Inc. trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,807 shares of the business services provider’s stock after selling 20,372 shares during the period. Alps Advisors Inc.’s holdings in Omnicom Group were worth $25,911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carlson Capital L.P. raised its holdings in Omnicom Group by 38.7% during the third quarter. Carlson Capital L.P. now owns 9,540 shares of the business services provider’s stock worth $778,000 after acquiring an additional 2,660 shares in the last quarter. Cullen Capital Management LLC increased its position in shares of Omnicom Group by 9.2% during the 3rd quarter. Cullen Capital Management LLC now owns 1,184,141 shares of the business services provider’s stock worth $96,543,000 after purchasing an additional 99,404 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Omnicom Group by 30.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,287 shares of the business services provider’s stock worth $920,000 after purchasing an additional 2,667 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Omnicom Group by 4.1% in the 3rd quarter. Savant Capital LLC now owns 44,717 shares of the business services provider’s stock valued at $3,646,000 after buying an additional 1,774 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Omnicom Group by 14.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 5,632 shares of the business services provider’s stock valued at $459,000 after buying an additional 711 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent analyst reports. Morgan Stanley began 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. UBS Group boosted their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Barclays upped 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. Bank of America reiterated an “underperform” rating and set a $77.00 price target (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.14.

Omnicom Group Stock Performance

NYSE OMC opened at $69.91 on Friday. The stock has a market cap of $13.49 billion, a PE ratio of 10.33, a P/E/G ratio of 1.13 and a beta of 0.74. 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 firm has a 50-day moving average of $77.53 and a 200-day moving average of $76.54. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $89.27.

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 47.27%.

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.