Omnicom Group (NYSE:OMC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Omnicom Group (NYSE:OMC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

Several other brokerages have also recently weighed in on OMC. BNP Paribas raised shares of Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an overweight rating in a research report on Wednesday. Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. Barclays upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Finally, UBS Group initiated coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They issued a buy rating and a $117.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $103.40.

Omnicom Group Price Performance

Shares of OMC stock opened at $91.48 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The company has a market capitalization of $18.04 billion, a P/E ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.97. The company’s 50-day simple moving average is $91.35 and its two-hundred day simple moving average is $85.18. Omnicom Group has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Omnicom Group will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a yield of 3.06%. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling at Omnicom Group

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMC. OFI Invest Asset Management acquired a new position in Omnicom Group during the 3rd quarter valued at approximately $25,000. HHM Wealth Advisors LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group during the fourth quarter worth $29,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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.