Omnicom Group Inc. (NYSE:OMC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Omnicom Group Inc. (NYSE:OMC) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $104.70.

A number of analysts have recently issued reports on OMC shares. Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Macquarie restated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. Finally, BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, March 28th.

Omnicom Group Price Performance

OMC stock opened at $91.75 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. Omnicom Group has a one year low of $72.20 and a one year high of $98.06. The firm has a market capitalization of $17.95 billion, a PE ratio of 12.40, a P/E/G ratio of 2.14 and a beta of 0.95. The firm has a 50-day moving average of $91.68 and a two-hundred day moving average of $91.42.

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, beating analysts’ consensus estimates of $1.88 by $0.07. The company 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%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 earnings per share. On average, analysts forecast that Omnicom Group will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.05%. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the transaction, the director now owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Omnicom Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Graham Capital Management L.P. purchased a new stake in Omnicom Group during the 3rd quarter valued at about $255,000. B. Riley Wealth Advisors Inc. increased its position in Omnicom Group by 6.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock valued at $462,000 after buying an additional 398 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Omnicom Group by 116.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after purchasing an additional 323 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Omnicom Group by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,887 shares of the business services provider’s stock worth $423,000 after purchasing an additional 2,582 shares in the last quarter. Finally, Wedmont Private Capital purchased a new position in shares of Omnicom Group in the 4th quarter worth $316,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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.