Omnicom Group Inc. $OMC Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 32.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,761 shares of the business services provider’s stock after selling 169,276 shares during the quarter. Deprince Race & Zollo Inc. owned 0.12% of Omnicom Group worth $26,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Omnicom Group in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. UBS Group boosted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Morgan Stanley boosted their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Citigroup dropped their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Finally, Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Trading Up 4.5%

Shares of Omnicom Group stock opened at $76.13 on Thursday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a market capitalization of $21.70 billion, a P/E ratio of 195.20, a P/E/G ratio of 0.44 and a beta of 0.63. The business has a 50 day moving average price of $74.85 and a 200 day moving average price of $76.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 earnings per share. Sell-side analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s payout ratio is currently 820.51%.

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.