Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Monday, May 20th, RTT News reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.65 per share by the business services provider on Friday, July 12th. This represents a $2.60 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, June 13th.
Omnicom Group has increased its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Omnicom Group has a dividend payout ratio of 46.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Omnicom Group to earn $6.28 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 41.4%.
OMC stock traded up $0.61 during mid-day trading on Wednesday, hitting $79.82. The stock had a trading volume of 85,610 shares, compared to its average volume of 1,924,466. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.79. Omnicom Group has a 1-year low of $65.85 and a 1-year high of $84.35. The firm has a market cap of $17.46 billion, a P/E ratio of 13.88, a PEG ratio of 2.83 and a beta of 0.69.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.09. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.51 billion. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, research analysts expect that Omnicom Group will post 5.93 EPS for the current year.
OMC has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Macquarie set a $76.00 price objective on Omnicom Group and gave the company a “hold” rating in a report on Thursday, February 14th. Citigroup increased their price objective on Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Finally, Barclays raised Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $76.00 to $84.00 in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $77.33.
In related news, CEO Jonathan B. Nelson sold 4,916 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $84.22, for a total transaction of $414,025.52. Following the completion of the sale, the chief executive officer now owns 83,858 shares in the company, valued at approximately $7,062,520.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John Wren sold 60,541 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $79.84, for a total value of $4,833,593.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,354 shares of company stock valued at $5,642,219. 1.10% of the stock is owned by corporate insiders.
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About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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