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

Omnicom Group Inc. (NYSE:OMC) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $99.00.

Several research analysts have weighed in on the company. Citigroup lowered their target price on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research downgraded Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th.

Insider Transactions at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the transaction, the director owned 11,719 shares of the company’s stock, valued at $1,039,826.87. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OMC. Corient Private Wealth LP increased its position in shares of Omnicom Group by 2.7% in the second quarter. Corient Private Wealth LP now owns 115,326 shares of the business services provider’s stock valued at $8,400,000 after buying an additional 3,000 shares in the last quarter. Amundi raised its stake in Omnicom Group by 40.0% during the second quarter. Amundi now owns 1,360,280 shares of the business services provider’s stock worth $99,067,000 after purchasing an additional 388,581 shares during the period. First Eagle Investment Management LLC raised its position in shares of Omnicom Group by 0.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,343,209 shares of the business services provider’s stock worth $534,806,000 after buying an additional 40,096 shares during the period. California State Teachers Retirement System lifted its position in Omnicom Group by 6,250.5% during the second quarter. California State Teachers Retirement System now owns 33,804,190 shares of the business services provider’s stock valued at $2,461,959,000 after buying an additional 33,271,882 shares in the last quarter. Finally, Wedmont Private Capital acquired a new stake in Omnicom Group in the 2nd quarter valued at $228,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $82.49 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group has a 52-week low of $66.33 and a 52-week high of $89.57. The business’s 50-day moving average price is $82.83 and its 200 day moving average price is $78.70. The firm has a market cap of $22.63 billion, a P/E ratio of 71.11, a P/E/G ratio of 0.73 and a beta of 0.65.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business’s revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. On average, equities research analysts expect that Omnicom Group will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is currently 275.86%.

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.