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

Omnicom Group Inc. (NYSE:OMC) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $99.3750.

Several brokerages have recently issued reports on OMC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. The Goldman Sachs Group assumed coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Citigroup lowered their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, UBS Group upped their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th.

Institutional Trading of Omnicom Group

A number of hedge funds have recently bought and sold shares of OMC. Activest Wealth Management grew its position in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the period. Finally, EFG International AG acquired a new stake in Omnicom Group during the fourth quarter worth about $28,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded up $1.14 during trading on Friday, reaching $81.97. The stock had a trading volume of 2,425,687 shares, compared to its average volume of 4,929,007. The stock has a fifty day simple moving average of $75.29 and a two-hundred day simple moving average of $76.73. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Omnicom Group has a 52 week low of $66.33 and a 52 week high of $87.17. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of 210.20, a P/E/G ratio of 0.49 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last announced its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. As a group, analysts anticipate that Omnicom Group will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 10th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. Omnicom Group’s payout ratio is 820.51%.

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.