Omnicom Group Inc. (NYSE:OMC) Plans Quarterly Dividend of $0.80

Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.80 per share by the business services provider on Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th.

Omnicom Group has increased its dividend payment by an average of 0.0%per year over the last three years. Omnicom Group has a dividend payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.95 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.8%.

Omnicom Group Trading Up 1.7%

Shares of NYSE OMC traded up $1.37 during trading hours on Friday, hitting $82.31. The company’s stock had a trading volume of 2,626,006 shares, compared to its average volume of 4,568,408. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $89.27. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 168.05, a P/E/G ratio of 1.06 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The business has a 50-day simple moving average of $77.04 and a 200-day simple moving average of $76.29.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $7.58 billion. Omnicom Group had a positive return on equity of 35.41% and a negative net margin of 0.32%.Omnicom Group’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. On average, analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Institutional Trading of Omnicom Group

A number of institutional investors and hedge funds have recently modified their holdings of OMC. Kinloch Capital LLC purchased a new stake in shares of Omnicom Group during the 4th quarter valued at about $220,000. Van Diest Capital LLC purchased a new stake in shares of Omnicom Group during the 4th quarter valued at about $322,000. Compound Planning Inc. lifted its stake in shares of Omnicom Group by 54.7% in the 4th quarter. Compound Planning Inc. now owns 3,991 shares of the business services provider’s stock worth $322,000 after purchasing an additional 1,412 shares during the period. Invesco Ltd. boosted its holdings in shares of Omnicom Group by 12.8% in the fourth quarter. Invesco Ltd. now owns 3,803,521 shares of the business services provider’s stock worth $307,134,000 after buying an additional 432,684 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Omnicom Group by 63.4% during the fourth quarter. Corient Private Wealth LLC now owns 129,552 shares of the business services provider’s stock valued at $9,875,000 after buying an additional 50,288 shares during the period. Institutional investors own 91.97% of the company’s stock.

About Omnicom Group

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.