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.

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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.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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