Omnicom Group (NYSE:OMC) Given New $110.00 Price Target at Macquarie

Omnicom Group (NYSE:OMCFree Report) had its price objective boosted by Macquarie from $100.00 to $110.00 in a research note published on Tuesday, Marketbeat reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts have also recently weighed in on OMC. Wells Fargo & Company upped their price target on Omnicom Group from $85.00 to $91.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research report on Monday, January 29th. BNP Paribas raised Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price objective on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $106.00 to $104.00 and set an overweight rating on the stock in a research note on Wednesday, February 7th. Finally, UBS Group started coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a buy rating and a $117.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $102.44.

Check Out Our Latest Analysis on OMC

Omnicom Group Stock Performance

OMC opened at $95.31 on Tuesday. The stock has a market cap of $18.87 billion, a PE ratio of 13.77, a P/E/G ratio of 2.31 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The stock’s 50 day simple moving average is $90.57 and its 200-day simple moving average is $83.72.

Omnicom Group (NYSE:OMCGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Omnicom Group will post 7.73 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 2.94%. Omnicom Group’s dividend payout ratio is presently 40.46%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC bought a new stake in Omnicom Group in the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth about $26,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Omnicom Group by 1,805.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after acquiring an additional 307 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Finally, KB Financial Partners LLC increased its holdings in shares of Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

(Get Free Report)

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.

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