Omnicom Group (NYSE:OMC) Upgraded to Overweight by Barclays

Barclays upgraded shares of Omnicom Group (NYSE:OMC) from an equal weight rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have $110.00 target price on the business services provider’s stock, up from their prior target price of $100.00.

A number of other equities analysts have also recently commented on the stock. StockNews.com raised shares of Omnicom Group from a hold rating to a buy rating in a research note on Thursday, April 18th. Moffett Nathanson upped their target price on Omnicom Group from $89.00 to $93.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Macquarie raised their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an outperform rating in a research note on Tuesday, April 2nd. BNP Paribas raised Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price objective on the stock in a research report on Thursday, March 28th. Finally, UBS Group began coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a buy rating and a $117.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $104.40.

Omnicom Group Trading Up 1.6 %

OMC opened at $94.72 on Tuesday. The stock has a 50-day moving average of $93.12 and a 200 day moving average of $87.14. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The firm has a market cap of $18.55 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results 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 company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS. As a group, research analysts forecast that Omnicom Group will post 7.81 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. Omnicom Group’s payout ratio is currently 37.84%.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in shares of Omnicom Group by 17.7% in the 1st quarter. US Bancorp DE now owns 129,211 shares of the business services provider’s stock worth $12,503,000 after buying an additional 19,425 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Omnicom Group by 82.0% in the first quarter. Russell Investments Group Ltd. now owns 528,538 shares of the business services provider’s stock valued at $51,103,000 after acquiring an additional 238,166 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in Omnicom Group by 5.7% in the first quarter. Meeder Advisory Services Inc. now owns 2,635 shares of the business services provider’s stock worth $255,000 after purchasing an additional 141 shares during the last quarter. Choate Investment Advisors acquired a new position in shares of Omnicom Group during the first quarter worth $230,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 2.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 119 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Company Profile

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.