Omnicom Group Inc. (NYSE:OMC) Receives $103.40 Consensus PT from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $104.40.

Several equities research analysts have issued reports on the company. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $110.00 in a research report on Tuesday. UBS Group began coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target on the stock. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. Moffett Nathanson increased their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

Omnicom Group Trading Up 0.4 %

Shares of Omnicom Group stock opened at $95.08 on Thursday. The stock has a market capitalization of $18.62 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.18 and a beta of 0.96. Omnicom Group has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The stock’s 50-day simple moving average is $93.12 and its 200 day simple moving average is $87.14.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Omnicom Group will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.94%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Institutional investors have recently made changes to their positions in the business. Marino Stram & Associates LLC lifted its stake in Omnicom Group by 1.0% in the first quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 110 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after buying an additional 119 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Omnicom Group by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 119 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Omnicom Group by 4.2% during the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 121 shares during the period. Finally, Great Valley Advisor Group Inc. grew its position in Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.