Omnicom Group Inc. (NYSE:OMC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $99.00.

Several brokerages have commented on OMC. Citigroup lowered their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Argus raised shares of Omnicom Group to a “hold” rating in a research report on Monday, September 14th. Zacks Research upgraded shares of Omnicom Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th.

Omnicom Group Stock Up 1.4%

Shares of NYSE:OMC opened at $74.66 on Friday. Omnicom Group has a 1 year low of $66.33 and a 1 year high of $89.57. The company has a market capitalization of $20.48 billion, a PE ratio of 64.36, a price-to-earnings-growth ratio of 0.62 and a beta of 0.68. The business has a fifty day moving average price of $82.01 and a two-hundred day moving average price of $78.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Analysts forecast that Omnicom Group will post 10.5 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

Insider Activity

In other Omnicom Group news, Director Linda Rice sold 1,385 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total value of $122,891.05. Following the sale, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently added to or reduced their stakes in OMC. Pure Financial Advisors LLC boosted its holdings in Omnicom Group by 3.1% in the second quarter. Pure Financial Advisors LLC now owns 4,464 shares of the business services provider’s stock worth $325,000 after acquiring an additional 135 shares in the last quarter. Tranquilli Financial Advisor LLC increased its holdings in shares of Omnicom Group by 2.0% during the second quarter. Tranquilli Financial Advisor LLC now owns 7,610 shares of the business services provider’s stock valued at $554,000 after acquiring an additional 148 shares in the last quarter. Caldwell Trust Co increased its holdings in shares of Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 149 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Omnicom Group by 39.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised its position in shares of Omnicom Group by 3.8% in the 1st quarter. Brown Lisle Cummings Inc. now owns 4,776 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management and specialty marketing services. Through its network of agencies and specialized businesses, the company helps clients develop brands, engage customers and execute integrated marketing campaigns across traditional and digital channels.

Omnicom’s services include creative advertising, strategic media planning and buying, digital marketing, data and precision marketing, public relations, healthcare communications, experiential marketing, commerce and consulting.