Omnicom Group (NYSE:OMC) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Omnicom Group (NYSE:OMC) from a buy rating to a hold rating in a report published on Wednesday.

Several other brokerages have also issued reports on OMC. Morgan Stanley raised Omnicom Group from an equal weight rating to an overweight rating and increased their target price for the stock from $90.00 to $100.00 in a research report on Friday, December 15th. UBS Group started coverage on Omnicom Group in a research report on Thursday, January 11th. They issued a buy rating and a $117.00 target price for the company. Barclays increased their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Macquarie raised Omnicom Group from a neutral rating to an outperform rating and increased their target price for the stock from $80.00 to $100.00 in a research report on Friday, January 5th. Finally, Wells Fargo & Company upped their price target on Omnicom Group from $85.00 to $91.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of Hold and an average price target of $99.22.

Omnicom Group Trading Up 2.6 %

OMC opened at $95.16 on Wednesday. The business has a 50 day simple moving average of $89.91 and a two-hundred day simple moving average of $83.22. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.23 and a beta of 0.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 EPS. Analysts predict that Omnicom Group will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 2.94%. Omnicom Group’s dividend payout ratio is 40.46%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

A number of institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC raised its holdings in Omnicom Group by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock valued at $1,084,000 after acquiring an additional 108 shares during the period. Greenleaf Trust grew its position in Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after acquiring an additional 119 shares in the last quarter. Cambridge Trust Co. grew its position in Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after acquiring an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Omnicom Group by 2.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock valued at $428,000 after buying an additional 124 shares during the period. Finally, Pinnacle Bancorp Inc. raised its stake in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

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.