Omnicom Group Inc. (OMC) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of Omnicom Group Inc. (NYSE:OMC) from a hold rating to a sell rating in a research report released on Wednesday morning.
A number of other research analysts have also commented on the company. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the company a buy rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Omnicom Group from a sell rating to a hold rating in a research report on Tuesday, June 20th. Macquarie lowered Omnicom Group from an outperform rating to a neutral rating and decreased their price objective for the company from $90.00 to $83.00 in a research report on Tuesday, June 6th. Barclays PLC reiterated a hold rating and issued a $86.00 price objective on shares of Omnicom Group in a research report on Thursday, April 20th. Finally, Wedbush decreased their price objective on Omnicom Group from $90.00 to $89.00 and set a neutral rating on the stock in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $86.00.
Shares of Omnicom Group (NYSE OMC) opened at 81.52 on Wednesday. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 16.62 and a beta of 1.27. The stock has a 50 day moving average price of $82.87 and a 200 day moving average price of $84.58. Omnicom Group has a one year low of $78.67 and a one year high of $89.66.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.55 billion. Omnicom Group had a return on equity of 42.34% and a net margin of 7.54%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. On average, equities research analysts forecast that Omnicom Group will post $5.04 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.watchlistnews.com/omnicom-group-inc-omc-stock-rating-lowered-by-bidaskclub/1447380.html.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 annualized dividend and a dividend yield of 2.70%. Omnicom Group’s dividend payout ratio is currently 44.81%.
In other news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the transaction, the director now directly owns 24,853 shares in the company, valued at approximately $2,085,912.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total value of $1,935,948.00. Following the completion of the transaction, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in Omnicom Group during the fourth quarter valued at $306,000. GSA Capital Partners LLP acquired a new position in Omnicom Group during the fourth quarter valued at $395,000. Thrivent Financial for Lutherans raised its position in Omnicom Group by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,250 shares of the business services provider’s stock valued at $702,000 after buying an additional 510 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in Omnicom Group during the fourth quarter valued at $2,609,000. Finally, Quadrature Capital Ltd acquired a new position in Omnicom Group during the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.