Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $82.75.
Several research firms recently commented on OMC. Atlantic Securities upgraded Omnicom Group from an “underweight” rating to a “neutral” rating in a research note on Friday, March 2nd. Wells Fargo reiterated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a research note on Friday, February 16th. Macquarie upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research note on Friday, February 16th. BMO Capital Markets upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $80.00 to $90.00 in a research note on Friday, February 16th. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price target on the stock. in a research note on Friday, February 16th.
Omnicom Group (NYSE OMC) opened at $73.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Omnicom Group has a one year low of $65.32 and a one year high of $86.71. The company has a market capitalization of $17,030.59, a PE ratio of 15.94, a P/E/G ratio of 2.28 and a beta of 1.15.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. analysts forecast that Omnicom Group 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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s dividend payout ratio is currently 51.72%.
In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the completion of the sale, the treasurer now directly owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC increased its holdings in Omnicom Group by 20.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock valued at $557,408,000 after buying an additional 1,310,260 shares during the last quarter. Longview Partners Guernsey LTD grew its holdings in shares of Omnicom Group by 12.4% during the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock valued at $462,899,000 after purchasing an additional 702,181 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Omnicom Group by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after purchasing an additional 1,366,325 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Omnicom Group by 11.9% during the fourth quarter. Mackenzie Financial Corp now owns 4,937,280 shares of the business services provider’s stock valued at $359,582,000 after purchasing an additional 525,157 shares during the last quarter. Finally, Jensen Investment Management Inc. grew its holdings in shares of Omnicom Group by 0.4% during the fourth quarter. Jensen Investment Management Inc. now owns 4,025,308 shares of the business services provider’s stock valued at $293,163,000 after purchasing an additional 16,868 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
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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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