Omnicom Group (NYSE:OMC) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Omnicom Group (NYSE:OMC) in a report released on Tuesday morning. The firm issued an equal weight rating and a $88.00 price objective on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. UBS Group increased their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Barclays lifted their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $92.57.

Omnicom Group Stock Down 1.2%

OMC opened at $81.70 on Tuesday. The stock’s fifty day moving average is $75.46 and its 200-day moving average is $75.00. The company has a market capitalization of $15.77 billion, a PE ratio of 12.07, a P/E/G ratio of 1.32 and a beta of 0.75. Omnicom Group has a one year low of $68.37 and a one year high of $89.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the company earned $2.03 EPS. Omnicom Group’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.9%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 19th. Omnicom Group’s payout ratio is 41.36%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OMC. Vanguard Group Inc. boosted its position in Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after acquiring an additional 344,652 shares during the period. State Street Corp lifted its position in shares of Omnicom Group by 15.8% in the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock worth $1,384,980,000 after purchasing an additional 2,298,652 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after purchasing an additional 1,893,316 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Omnicom Group by 9.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock worth $566,152,000 after purchasing an additional 691,560 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Omnicom Group by 73.6% during the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after purchasing an additional 2,820,553 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.