Omnicom Group Inc. (OMC) Receives Average Recommendation of “Hold” from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $75.60.

A number of equities research analysts have commented on OMC shares. Macquarie set a $76.00 target price on Omnicom Group and gave the company a “hold” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, January 25th. BMO Capital Markets dropped their price target on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, February 13th. Finally, Citigroup raised their price target on Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th.

Omnicom Group stock traded down $0.76 during midday trading on Friday, reaching $74.46. The company’s stock had a trading volume of 1,599,761 shares, compared to its average volume of 2,190,474. Omnicom Group has a fifty-two week low of $65.85 and a fifty-two week high of $78.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market cap of $16.92 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 12th. The business services provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. Omnicom Group had a return on equity of 43.14% and a net margin of 8.67%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $1.55 earnings per share. Omnicom Group’s quarterly revenue was down 2.2% compared to the same quarter last year. Sell-side analysts predict that Omnicom Group will post 5.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Monday, March 11th will be given a $0.65 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.60. Omnicom Group’s dividend payout ratio (DPR) is currently 41.74%.

In related news, Director Linda Johnson Rice sold 495 shares of Omnicom Group stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $74.79, for a total transaction of $37,021.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leonard S. Coleman, Jr. sold 2,556 shares of Omnicom Group stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $75.25, for a total value of $192,339.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of OMC. Bank of New York Mellon Corp increased its position in Omnicom Group by 1,412,816.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,862,157 shares of the business services provider’s stock worth $670,825,000 after purchasing an additional 9,861,459 shares in the last quarter. American International Group Inc. increased its position in Omnicom Group by 1,169.5% during the 4th quarter. American International Group Inc. now owns 5,683,553 shares of the business services provider’s stock worth $416,263,000 after purchasing an additional 5,235,862 shares in the last quarter. Vanguard Group Inc increased its position in Omnicom Group by 24.9% during the 3rd quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock worth $1,443,122,000 after purchasing an additional 4,228,195 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Omnicom Group by 6,842.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,974,955 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,917,700 shares in the last quarter. Finally, Norges Bank purchased a new stake in Omnicom Group during the 4th quarter worth about $158,391,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

See Also: Gross Domestic Product (GDP)

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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