Omnicom Group Inc. (NYSE:OMC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Omnicom Group Inc. (NYSE:OMC) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $108.89.

Several equities analysts recently commented on OMC shares. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently modified their holdings of OMC. Northwest Investment Counselors LLC purchased a new position in Omnicom Group during the 3rd quarter valued at about $33,000. Davis Capital Management purchased a new position in Omnicom Group during the 3rd quarter valued at about $36,000. Innealta Capital LLC purchased a new position in Omnicom Group during the 2nd quarter valued at about $33,000. HM Payson & Co. lifted its position in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Omnicom Group during the 3rd quarter valued at about $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

NYSE OMC opened at $90.16 on Friday. Omnicom Group has a 1 year low of $82.97 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The stock has a market capitalization of $17.59 billion, a PE ratio of 12.32, a P/E/G ratio of 2.32 and a beta of 0.94. The company’s 50 day simple moving average is $102.03 and its two-hundred day simple moving average is $97.29.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the prior year, the firm earned $1.86 EPS. Analysts predict that Omnicom Group will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a $0.70 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.11%. Omnicom Group’s dividend payout ratio is 38.25%.

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.