Omnicom Group (NYSE:OMC) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Omnicom Group (NYSE:OMC) from a hold rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

Separately, Cfra cut shares of Omnicom Group from a buy rating to a hold rating and dropped their price target for the stock from $85.00 to $80.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $82.14.

Shares of NYSE OMC traded down $1.39 during midday trading on Thursday, reaching $78.14. 1,551,926 shares of the company traded hands, compared to its average volume of 1,995,962. Omnicom Group has a 52 week low of $72.09 and a 52 week high of $85.05. The stock has a 50-day moving average price of $78.64 and a 200 day moving average price of $78.29. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.87 and a quick ratio of 0.77. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.39 and a beta of 0.68.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Omnicom Group had a net margin of 8.88% and a return on equity of 44.02%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Omnicom Group will post 6.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 10th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is presently 45.22%.

A number of institutional investors and hedge funds have recently modified their holdings of OMC. BlackRock Inc. increased its stake in Omnicom Group by 6.2% in the 2nd quarter. BlackRock Inc. now owns 17,320,377 shares of the business services provider’s stock worth $1,419,404,000 after purchasing an additional 1,014,998 shares in the last quarter. NuWave Investment Management LLC increased its stake in Omnicom Group by 58.8% in the 3rd quarter. NuWave Investment Management LLC now owns 2,076 shares of the business services provider’s stock worth $159,000 after purchasing an additional 769 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Omnicom Group by 21.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,357 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 2,548 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Omnicom Group in the 3rd quarter worth about $318,000. Finally, Palisade Asset Management LLC increased its stake in Omnicom Group by 2.0% in the 3rd quarter. Palisade Asset Management LLC now owns 97,885 shares of the business services provider’s stock worth $7,664,000 after purchasing an additional 1,905 shares in the last quarter.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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