Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $82.75.
OMC has been the topic of a number of recent analyst reports. Wells Fargo & Co reissued a “hold” rating and set a $80.00 price target on shares of Omnicom Group in a research report on Friday, February 16th. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $90.00 in a research report on Friday, February 16th. They noted that the move was a valuation call. Royal Bank of Canada cut shares of Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price objective on the stock. in a research report on Friday, February 16th. Finally, Morgan Stanley boosted their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st.
Shares of Omnicom Group (OMC) traded up $0.45 during midday trading on Tuesday, hitting $77.24. 941,488 shares of the stock were exchanged, compared to its average volume of 2,970,012. The company has a market capitalization of $17,720.00, a PE ratio of 15.04, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $86.71. 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 announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $4.18 billion for 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%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. analysts forecast that Omnicom Group will post 5.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.11%. Omnicom Group’s dividend payout ratio is currently 46.97%.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of OMC. Shell Asset Management Co. increased its stake in Omnicom Group by 92.1% in the 3rd quarter. Shell Asset Management Co. now owns 35,729 shares of the business services provider’s stock valued at $2,460,000 after buying an additional 17,125 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Omnicom Group by 1,221.8% during the 3rd quarter. Alpha Windward LLC now owns 6,556 shares of the business services provider’s stock worth $486,000 after purchasing an additional 6,060 shares during the last quarter. Albert D Mason Inc. increased its stake in shares of Omnicom Group by 16.0% during the 3rd quarter. Albert D Mason Inc. now owns 30,986 shares of the business services provider’s stock worth $2,295,000 after purchasing an additional 4,275 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Omnicom Group during the 3rd quarter worth about $252,000. Finally, LS Investment Advisors LLC increased its stake in shares of Omnicom Group by 6.1% during the 3rd quarter. LS Investment Advisors LLC now owns 22,219 shares of the business services provider’s stock worth $1,646,000 after purchasing an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 98.63% of the company’s stock.
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About Omnicom Group
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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