Omnicom Group Inc. (NYSE:OMC) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $76.90.
OMC has been the topic of a number of recent analyst reports. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, January 25th. Macquarie set a $76.00 price objective on Omnicom Group and gave the company a “hold” rating in a research note on Thursday, February 14th. Citigroup boosted their price objective on Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. BMO Capital Markets dropped their price objective on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 13th. Finally, Barclays raised Omnicom Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $76.00 to $84.00 in a research note on Wednesday, April 17th.
Shares of NYSE:OMC traded up $0.78 during midday trading on Thursday, reaching $80.08. The company’s stock had a trading volume of 1,068,042 shares, compared to its average volume of 1,951,287. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.84 and a beta of 0.71. 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 fifty-two week low of $65.85 and a fifty-two week high of $84.35.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.09. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate 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 was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Analysts anticipate that Omnicom Group will post 5.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 14th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, June 13th. Omnicom Group’s dividend payout ratio (DPR) is currently 45.22%.
In related news, SVP Andrew Castellaneta sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $80.24, for a total transaction of $353,056.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,556 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $75.25, for a total value of $192,339.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,369 shares of company stock worth $1,000,965. 1.10% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Omnicom Group by 24.9% in the third quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock worth $1,443,122,000 after purchasing an additional 4,228,195 shares during the last quarter. BlackRock Inc. raised its stake in shares of Omnicom Group by 2.6% in the first quarter. BlackRock Inc. now owns 16,305,379 shares of the business services provider’s stock worth $1,190,131,000 after purchasing an additional 420,390 shares during the last quarter. American International Group Inc. raised its stake in shares of Omnicom Group by 1,169.5% in the fourth quarter. American International Group Inc. now owns 5,683,553 shares of the business services provider’s stock worth $416,263,000 after purchasing an additional 5,235,862 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Omnicom Group by 13.5% in the first quarter. Janus Henderson Group PLC now owns 4,158,808 shares of the business services provider’s stock worth $303,552,000 after purchasing an additional 494,508 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Omnicom Group by 6,842.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,974,955 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,917,700 shares during the last quarter.
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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