Omnicom Group Inc. (NYSE:OMC) Receives Consensus Rating of “Hold” from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $104.43.

Several brokerages have recently issued reports on OMC. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group decreased their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th.

Omnicom Group Trading Down 0.5 %

OMC opened at $80.24 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group has a twelve month low of $78.69 and a twelve month high of $107.00. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a 50-day simple moving average of $83.24 and a 200 day simple moving average of $92.47.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the business posted $2.20 EPS. Analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.49%. Omnicom Group’s payout ratio is 37.58%.

Institutional Trading of Omnicom Group

A number of large investors have recently bought and sold shares of the business. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 404 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.