Omnicom Group Inc. (OMC) to Issue Quarterly Dividend of $0.70 on October 11th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.70 per share by the business services provider on Friday, October 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, September 20th.

Omnicom Group has increased its dividend payment by an average of 2.5% per year over the last three years. Omnicom Group has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Omnicom Group to earn $8.44 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 33.2%.

Omnicom Group Trading Up 0.6 %

NYSE:OMC opened at $101.73 on Wednesday. Omnicom Group has a 52 week low of $72.20 and a 52 week high of $102.75. The firm has a 50-day moving average price of $95.88 and a two-hundred day moving average price of $93.80. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market cap of $19.92 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.81 EPS. On average, equities analysts expect that Omnicom Group will post 7.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OMC shares. UBS Group increased their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Bank of America increased their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Finally, Macquarie restated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.30.

Insider Buying and Selling

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Omnicom Group Company Profile

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.