Investors Buy Omnicom Group (OMC) on Weakness

Investors purchased shares of Omnicom Group Inc. (NYSE:OMC) on weakness during trading hours on Tuesday. $100.99 million flowed into the stock on the tick-up and $44.12 million flowed out of the stock on the tick-down, for a money net flow of $56.87 million into the stock. Of all companies tracked, Omnicom Group had the 28th highest net in-flow for the day. Omnicom Group traded down ($0.36) for the day and closed at $78.36

Several analysts have commented on the stock. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Macquarie raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research report on Friday, February 16th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Pivotal Research reduced their target price on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $83.07.

The firm has a market cap of $18,043.77, a P/E ratio of 15.52, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. Omnicom Group’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 earnings per share. sell-side analysts anticipate that Omnicom Group Inc. will post 5.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.12%. Omnicom Group’s dividend payout ratio is currently 51.72%.

In related news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC purchased a new position in Omnicom Group during the fourth quarter valued at approximately $104,000. MUFG Americas Holdings Corp grew its stake in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 847 shares in the last quarter. Eagle Ridge Investment Management purchased a new position in Omnicom Group during the third quarter valued at approximately $201,000. Tower Research Capital LLC TRC purchased a new position in Omnicom Group during the fourth quarter valued at approximately $199,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Omnicom Group during the third quarter valued at approximately $205,000. 98.63% of the stock is owned by institutional investors.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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