Omnicom Group Inc. (NYSE:OMC) Receives Consensus Recommendation of “Hold” from Analysts

Omnicom Group Inc. (NYSE:OMC) has been given an average rating of “Hold” by the nine analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $105.75.

Several research firms have recently weighed in on OMC. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th.

Omnicom Group Stock Performance

Shares of OMC opened at $81.03 on Friday. The stock has a 50 day moving average price of $83.69 and a 200 day moving average price of $93.12. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the business earned $2.20 earnings per share. Research analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Omnicom Group by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 339,218 shares of the business services provider’s stock worth $29,186,000 after acquiring an additional 8,071 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Omnicom Group by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,891 shares of the business services provider’s stock worth $1,195,000 after acquiring an additional 1,953 shares in the last quarter. Aegis Wealth Management LLC purchased a new position in Omnicom Group in the fourth quarter worth $275,000. Siemens Fonds Invest GmbH raised its position in Omnicom Group by 30.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 2,893 shares of the business services provider’s stock worth $249,000 after acquiring an additional 679 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in Omnicom Group in the fourth quarter worth $74,000. 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.