Omnicom Group (NYSE:OMC) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Omnicom Group (NYSE:OMC) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts have also issued reports about the company. Morgan Stanley raised Omnicom Group from an equal weight rating to an overweight rating and boosted their price target for the stock from $90.00 to $100.00 in a research report on Friday, December 15th. UBS Group initiated coverage on Omnicom Group in a research report on Thursday, January 11th. They set a buy rating and a $117.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $106.00 to $104.00 and set an overweight rating on the stock in a research report on Wednesday, February 7th. Macquarie raised Omnicom Group from a neutral rating to an outperform rating and upped their target price for the company from $80.00 to $100.00 in a research report on Friday, January 5th. Finally, Barclays upped their target price on Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Omnicom Group has an average rating of Hold and a consensus target price of $99.22.

Omnicom Group Trading Up 2.6 %

OMC opened at $95.16 on Wednesday. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.23 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The stock has a fifty day moving average price of $89.91 and a 200-day moving average price of $83.22.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. As a group, equities research analysts anticipate that Omnicom Group will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 40.46%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new position in Omnicom Group in the fourth quarter valued at approximately $344,000. HighPoint Advisor Group LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $222,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $3,460,000. Leo Wealth LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $364,000. Finally, Wahed Invest LLC increased its position in shares of Omnicom Group by 7.7% in the fourth quarter. Wahed Invest LLC now owns 3,367 shares of the business services provider’s stock valued at $291,000 after buying an additional 242 shares in the last quarter. 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.