Recent Analysts’ Ratings Updates for Omnicom Group (OMC)

Several brokerages have updated their recommendations and price targets on shares of Omnicom Group (NYSE: OMC) in the last few weeks:

• 4/4/2024 – Omnicom Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/2/2024 – Omnicom Group had its price target raised by analysts at Macquarie from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 3/28/2024 – Omnicom Group was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $115.00 price target on the stock.
• 3/27/2024 – Omnicom Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/19/2024 – Omnicom Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Omnicom Group Trading Down 2.3 %

NYSE:OMC traded down $2.19 during mid-day trading on Wednesday, reaching $91.75. 1,148,306 shares of the company’s stock traded hands, compared to its average volume of 1,602,915. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.23 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The company has a 50 day moving average price of $90.96 and a 200-day moving average price of $84.48.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.05%. Omnicom Group’s payout ratio is 40.46%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Omnicom Group by 5.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock worth $631,076,000 after purchasing an additional 362,985 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Omnicom Group by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock worth $353,437,000 after acquiring an additional 374,874 shares during the last quarter. Beutel Goodman & Co Ltd. raised its holdings in Omnicom Group by 1.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock worth $363,148,000 after acquiring an additional 42,075 shares during the last quarter. Boston Partners raised its holdings in Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after acquiring an additional 664,800 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Omnicom Group by 0.7% in the 1st quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider’s stock worth $260,361,000 after acquiring an additional 20,584 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

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.