Analysts Set Omnicom Group Inc. (NYSE:OMC) PT at $99.38

Omnicom Group Inc. (NYSE:OMC) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $99.3750.

A number of research firms recently weighed in on OMC. Citigroup decreased their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Rothschild & Co Redburn started coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, UBS Group upped their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th.

Omnicom Group Trading Up 3.8%

Shares of NYSE OMC opened at $84.03 on Friday. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 215.46, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63. Omnicom Group has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $75.70 and its 200 day simple moving average is $76.78.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. Equities research analysts expect that Omnicom Group will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Institutional Trading of Omnicom Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tema ETFs LLC grew its stake in Omnicom Group by 10.4% in the 2nd quarter. Tema ETFs LLC now owns 7,684 shares of the business services provider’s stock valued at $560,000 after buying an additional 725 shares during the last quarter. A&I Financial Services LLC lifted its position in Omnicom Group by 9.6% during the 2nd quarter. A&I Financial Services LLC now owns 10,141 shares of the business services provider’s stock worth $739,000 after acquiring an additional 889 shares during the last quarter. Alliance Wealth Advisors LLC lifted its position in Omnicom Group by 4.0% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 5,293 shares of the business services provider’s stock worth $385,000 after acquiring an additional 204 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Omnicom Group by 1.8% during the second quarter. HF Advisory Group LLC now owns 16,299 shares of the business services provider’s stock valued at $1,187,000 after acquiring an additional 296 shares during the period. Finally, Arista Wealth Management LLC bought a new stake in Omnicom Group during the second quarter valued at about $303,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.