Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Monday, December 4th, RTT News reports. Investors of record on Tuesday, December 19th will be paid a dividend of 0.60 per share by the business services provider on Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, December 18th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55.
Omnicom Group has increased its dividend by an average of 20.5% per year over the last three years and has raised its dividend every year for the last 7 years. Omnicom Group has a payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $5.40 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 44.4%.
Omnicom Group (NYSE OMC) opened at $74.41 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market cap of $17,153.96, a price-to-earnings ratio of 14.97, a P/E/G ratio of 2.09 and a beta of 1.24. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $88.09.
Several equities analysts have issued reports on the stock. Royal Bank of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Citigroup upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, September 13th. Jefferies Group restated a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $84.00.
In other news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now directly owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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