Omnicom Group (NYSE:OMC) had its price target decreased by Pivotal Research from $75.00 to $72.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. Pivotal Research currently has a hold rating on the business services provider’s stock.
A number of other research firms have also recently commented on OMC. Zacks Investment Research cut Omnicom Group from a buy rating to a hold rating in a research note on Monday, March 26th. Wells Fargo restated a hold rating and issued a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. BMO Capital Markets upgraded Omnicom Group from a market perform rating to an outperform rating and raised their target price for the company from $80.00 to $90.00 in a research note on Friday, February 16th. They noted that the move was a valuation call. Royal Bank of Canada cut Omnicom Group from an outperform rating to a sector perform rating and set a $83.00 target price for the company. in a research note on Friday, February 16th. Finally, Morgan Stanley raised their target price on Omnicom Group from $72.00 to $76.00 and gave the company an underweight rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $82.46.
OMC opened at $71.74 on Tuesday. The company has a market capitalization of $16,694.40, a PE ratio of 14.36, a PEG ratio of 2.23 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $86.71.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, beating the Zacks’ 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 return on equity of 40.67% and a net margin of 7.12%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 EPS. research analysts expect that Omnicom Group will post 5.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s payout ratio is 47.06%.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the completion of the transaction, the treasurer now owns 42,561 shares in the company, valued at $3,293,370.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Profund Advisors LLC increased its holdings in shares of Omnicom Group by 17.4% in the 4th quarter. Profund Advisors LLC now owns 7,677 shares of the business services provider’s stock worth $559,000 after purchasing an additional 1,137 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Omnicom Group by 16.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,943,944 shares of the business services provider’s stock worth $143,988,000 after purchasing an additional 270,778 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Omnicom Group by 10.3% in the 4th quarter. Toronto Dominion Bank now owns 131,371 shares of the business services provider’s stock worth $9,569,000 after purchasing an additional 12,276 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth $2,551,000. Finally, Lourd Capital LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth $220,000. Institutional investors and hedge funds own 98.62% of the company’s stock.
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Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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