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

Omnicom Group Inc. (NYSE:OMC) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $110.00.

A number of brokerages have weighed in on OMC. JPMorgan Chase & Co. lifted their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th.

Omnicom Group Trading Down 2.5 %

OMC opened at $82.07 on Tuesday. Omnicom Group has a twelve month low of $81.66 and a twelve month high of $107.00. The company has a fifty day moving average of $95.20 and a 200-day moving average of $96.66. The stock has a market cap of $16.01 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the business posted $1.86 EPS. On average, sell-side analysts predict that Omnicom Group will post 7.94 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is presently 38.25%.

Insider Buying and Selling

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OMC. State Street Corp lifted its stake in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after purchasing an additional 364,665 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Omnicom Group by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock worth $127,398,000 after purchasing an additional 81,598 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Omnicom Group by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider’s stock worth $89,517,000 after purchasing an additional 2,797 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.