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

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $95.00.

Several analysts recently commented on OMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. 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 research report on Monday, January 5th. UBS Group raised their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Citigroup lifted their price target on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Morgan Stanley started coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Activest Wealth Management grew its position in shares of Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the 4th quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in Omnicom Group in the 4th quarter valued at about $26,000. Capital A Wealth Management LLC lifted its stake in Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after buying an additional 318 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.2%

Omnicom Group stock opened at $77.74 on Friday. The firm has a market cap of $24.13 billion, a PE ratio of 158.66, a P/E/G ratio of 0.75 and a beta of 0.71. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $87.17. The stock’s 50 day simple moving average is $77.76 and its two-hundred day simple moving average is $77.11. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the firm earned $2.41 earnings per share. Omnicom Group’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current year.

Omnicom Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 18th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the business services provider to buy up to 38.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio is presently 653.06%.

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.