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 nine analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $93.7143.

A number of research firms recently weighed in on OMC. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Barclays boosted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Citigroup decreased their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group boosted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Bank of America reiterated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th.

Institutional Investors Weigh In On Omnicom Group

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares in the last quarter. State Street Corp boosted its position in shares of Omnicom Group by 40.4% in the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $515,145,000. Bank of New York Mellon Corp increased its position in Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock valued at $911,172,000 after buying an additional 4,631,394 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Omnicom Group by 522.9% during the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock valued at $419,858,000 after buying an additional 4,364,797 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.4%

Shares of Omnicom Group stock opened at $77.02 on Monday. Omnicom Group has a 1 year low of $66.33 and a 1 year high of $87.17. The firm has a market cap of $21.95 billion, a PE ratio of 197.49, a PEG ratio of 0.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.81. The company has a 50 day simple moving average of $78.37 and a two-hundred day simple moving average of $76.81.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. Analysts expect that Omnicom Group will post 10.92 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th were given a $0.80 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. Omnicom Group’s payout ratio is presently 820.51%.

Omnicom Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.