Monte Financial Group LLC Has $5.02 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Monte Financial Group LLC lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,327 shares of the business services provider’s stock after selling 649 shares during the quarter. Omnicom Group comprises 2.1% of Monte Financial Group LLC’s investment portfolio, making the stock its 25th biggest holding. Monte Financial Group LLC’s holdings in Omnicom Group were worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group in the 3rd quarter worth $33,000. Davis Capital Management bought a new position in shares of Omnicom Group in the 3rd quarter worth $36,000. Finally, HM Payson & Co. grew its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC opened at $86.60 on Friday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The firm has a 50-day moving average of $91.65 and a 200 day moving average of $96.37. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market cap of $16.90 billion, a P/E ratio of 11.83, a PEG ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.63.

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.