Omnicom Group (NYSE:OMC) Rating Reiterated by Macquarie

Macquarie reissued their outperform rating on shares of Omnicom Group (NYSE:OMC) in a report published on Wednesday morning, Benzinga reports. They currently have a $110.00 price objective on the business services provider’s stock.

Several other analysts also recently commented on OMC. StockNews.com raised shares of Omnicom Group from a hold rating to a buy rating in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an overweight rating in a report on Wednesday, April 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an equal weight rating to an overweight rating and increased their target price for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Barclays upgraded shares of Omnicom Group from an equal weight rating to an overweight rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. Finally, BNP Paribas raised shares of Omnicom Group from a neutral rating to an outperform rating and set a $115.00 target price for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $104.70.

Omnicom Group Trading Down 1.2 %

NYSE:OMC opened at $91.00 on Wednesday. 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 $17.82 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.17 and a beta of 0.95. The firm has a 50-day simple moving average of $91.78 and a 200-day simple moving average of $91.33. Omnicom Group has a one year low of $72.20 and a one year high of $98.06.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. Omnicom Group’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 EPS. Equities analysts anticipate that Omnicom Group will post 7.93 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Omnicom Group

Large investors have recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new stake in Omnicom Group in the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its stake in Omnicom Group by 61.6% in the 4th 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. Richardson Financial Services Inc. purchased a new stake in shares of Omnicom Group during the 4th quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $33,000. 91.97% of the stock is 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.