Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $79.13.
OMC has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on Yelp in a research report on Wednesday, April 17th. They issued an “outperform” rating on the stock. Barclays set a $24.00 price objective on Tenet Healthcare and gave the company a “hold” rating in a research report on Wednesday, April 17th.
NYSE:OMC traded up $1.04 during mid-day trading on Friday, hitting $84.69. 1,156,799 shares of the company traded hands, compared to its average volume of 1,923,267. The company has a fifty day moving average of $80.54. Omnicom Group has a one year low of $65.85 and a one year high of $84.89. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.79 and a current ratio of 0.88. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.09. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. Omnicom Group’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group will post 5.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 14th will be given a $0.65 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.60 annualized dividend and a dividend yield of 3.07%. Omnicom Group’s payout ratio is 45.22%.
In related news, Director Linda Johnson Rice sold 497 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $83.59, for a total value of $41,544.23. Following the sale, the director now directly owns 8,161 shares in the company, valued at $682,177.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan B. Nelson sold 4,916 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $84.22, for a total value of $414,025.52. Following the completion of the sale, the chief executive officer now owns 83,858 shares in the company, valued at $7,062,520.76. The disclosure for this sale can be found here. Insiders sold 70,354 shares of company stock worth $5,642,219 over the last 90 days. Company insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of OMC. American International Group Inc. lifted its position in shares of Omnicom Group by 1,169.5% in the fourth quarter. American International Group Inc. now owns 5,683,553 shares of the business services provider’s stock worth $416,263,000 after buying an additional 5,235,862 shares in the last quarter. Norges Bank purchased a new stake in shares of Omnicom Group in the fourth quarter worth about $158,391,000. Ceredex Value Advisors LLC purchased a new stake in shares of Omnicom Group in the first quarter worth about $135,975,000. Amundi Pioneer Asset Management Inc. lifted its position in shares of Omnicom Group by 301.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,899,092 shares of the business services provider’s stock worth $138,615,000 after buying an additional 1,425,817 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Omnicom Group by 97.9% in the fourth quarter. APG Asset Management N.V. now owns 1,227,600 shares of the business services provider’s stock worth $78,651,000 after buying an additional 607,200 shares in the last quarter.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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