Arvest Investments Inc. Sells 275 Shares of Omnicom Group Inc. (NYSE:OMC)

Arvest Investments Inc. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,630 shares of the business services provider’s stock after selling 275 shares during the period. Arvest Investments Inc.’s holdings in Omnicom Group were worth $1,710,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after buying an additional 143 shares during the period. Smartleaf Asset Management LLC boosted its stake in Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after buying an additional 147 shares during the period. MGO One Seven LLC boosted its stake in Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock valued at $437,000 after buying an additional 157 shares during the period. Convergence Financial LLC boosted its stake in Omnicom Group by 6.5% during the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after buying an additional 165 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares during the period. 91.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Citigroup restated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Omnicom Group Stock Up 0.2%

OMC opened at $73.35 on Thursday. The company has a market cap of $14.31 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 0.93. The business’s 50-day moving average price is $74.33 and its 200-day moving average price is $82.20. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. On average, equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Omnicom Group Profile

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.