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

Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $99.00.

OMC has been the topic of several analyst reports. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Citigroup dropped their target price 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. Wells Fargo & Company boosted their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. The Goldman Sachs Group began coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. Finally, Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $88.73, for a total value of $122,891.05. Following the transaction, the director directly owned 11,719 shares of the company’s stock, valued at approximately $1,039,826.87. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Omnicom Group

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $2,082,476,000. Bank of New York Mellon Corp bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $914,156,000. Geode Capital Management LLC lifted its stake in Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after purchasing an additional 3,117,188 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Omnicom Group by 0.5% in the second quarter. First Eagle Investment Management LLC now owns 7,343,209 shares of the business services provider’s stock valued at $534,806,000 after purchasing an additional 40,096 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Omnicom Group by 89.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,106,022 shares of the business services provider’s stock valued at $493,061,000 after purchasing an additional 2,883,520 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.4%

NYSE OMC opened at $74.05 on Friday. The firm has a market capitalization of $20.32 billion, a P/E ratio of 63.84, a PEG ratio of 0.63 and a beta of 0.65. The business has a fifty day simple moving average of $82.19 and a 200 day simple moving average of $78.30. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $89.57. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is presently 275.86%.

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.