Investors Buy Shares of Omnicom Group (OMC) on Weakness

Traders purchased shares of Omnicom Group Inc. (NYSE:OMC) on weakness during trading hours on Tuesday. $100.99 million flowed into the stock on the tick-up and $44.12 million flowed out of the stock on the tick-down, for a money net flow of $56.87 million into the stock. Of all stocks tracked, Omnicom Group had the 28th highest net in-flow for the day. Omnicom Group traded down ($0.36) for the day and closed at $78.36

A number of equities research analysts recently commented on OMC shares. Wells Fargo & Co reiterated a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a research report on Friday. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday. They noted that the move was a valuation call. Royal Bank of Canada downgraded Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price on the stock. in a research report on Friday. Finally, Morgan Stanley upped their price objective on Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $83.07.

The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $18,126.67, a PE ratio of 16.89, a PEG ratio of 2.56 and a beta of 1.20.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. equities analysts expect that Omnicom Group Inc. will post 5.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.06%. Omnicom Group’s dividend payout ratio is 51.72%.

In other news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in shares of Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock valued at $63,632,000 after buying an additional 2,200 shares during the last quarter. Cambridge Trust Co. bought a new position in shares of Omnicom Group during the third quarter valued at approximately $319,000. Prudential Financial Inc. grew its stake in shares of Omnicom Group by 47.5% during the third quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock valued at $35,444,000 after buying an additional 154,103 shares during the last quarter. Lingohr & Partner Asset Management GmbH bought a new position in shares of Omnicom Group during the third quarter valued at approximately $940,000. Finally, 361 Capital LLC bought a new position in shares of Omnicom Group during the third quarter valued at approximately $3,288,000. 98.63% of the stock is currently owned by hedge funds and other institutional investors.

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Omnicom Group Company Profile

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.

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