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Retirement Systems of Alabama Has $5.48 Million Stake in Omnicom Group Inc. $OMC
Retirement Systems of Alabama significantly increased its stake in Omnicom Group Inc. (NYSE:OMC) by 64.2% in Q4, now holding 67,860 shares valued at $5.48 million. This comes as Omnicom authorized a $5.0 billion share buyback and announced a quarterly dividend of $0.80 per share. Despite missing quarterly earnings and revenue estimates, analysts maintain a mixed view with an average target price of $95.86.