Omnicom Group Inc. (NYSE:OMC) Receives Average Rating of “Moderate Buy” from Analysts

Omnicom Group Inc. (NYSE:OMC) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $104.40.

A number of analysts have commented on the stock. Macquarie lifted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, Moffett Nathanson boosted their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC bought a new position in shares of Omnicom Group during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Omnicom Group during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. increased its position in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the period. Richardson Financial Services Inc. acquired a new stake in shares of Omnicom Group during the fourth quarter worth $29,000. Finally, First United Bank & Trust acquired a new stake in shares of Omnicom Group during the fourth quarter worth $35,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $89.75 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $93.06 and a 200-day moving average of $90.48. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The stock has a market capitalization of $17.58 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.58 billion. As a group, sell-side analysts anticipate that Omnicom Group will post 7.84 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.12%. Omnicom Group’s payout ratio is presently 37.84%.

About Omnicom Group

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.