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

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.13.

OMC has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Yelp in a research report on Wednesday, April 17th. They set an “outperform” rating on the stock. Barclays set a $24.00 price target on Tenet Healthcare and gave the stock a “hold” rating in a research report on Wednesday, April 17th.

Shares of Omnicom Group stock traded up $1.04 during trading on Friday, hitting $84.69. 1,156,799 shares of the stock traded hands, compared to its average volume of 1,923,267. The business has a fifty day simple moving average of $80.54. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.79 and a current ratio of 0.88. Omnicom Group has a 52 week low of $65.85 and a 52 week high of $84.89. The company has a market capitalization of $18.44 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.09. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company earned $1.14 EPS. Omnicom Group’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Omnicom Group will post 5.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 14th will be given a $0.65 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.07%. Omnicom Group’s dividend payout ratio is currently 45.22%.

In other news, Director Linda Johnson Rice sold 497 shares of Omnicom Group stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $83.59, for a total value of $41,544.23. Following the sale, the director now directly owns 8,161 shares in the company, valued at approximately $682,177.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John Wren sold 60,541 shares of Omnicom Group stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $79.84, for a total value of $4,833,593.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,354 shares of company stock worth $5,642,219. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of Omnicom Group by 0.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 97,655 shares of the business services provider’s stock valued at $8,003,000 after purchasing an additional 389 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in shares of Omnicom Group by 33.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 188,348 shares of the business services provider’s stock valued at $15,435,000 after purchasing an additional 47,261 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of Omnicom Group by 5.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 41,231 shares of the business services provider’s stock valued at $3,379,000 after purchasing an additional 2,315 shares during the period. Acropolis Investment Management LLC lifted its stake in shares of Omnicom Group by 7.2% in the 2nd quarter. Acropolis Investment Management LLC now owns 10,749 shares of the business services provider’s stock valued at $881,000 after purchasing an additional 725 shares during the period. Finally, AMF Pensionsforsakring AB purchased a new position in shares of Omnicom Group in the 2nd quarter valued at approximately $25,714,000.

About Omnicom Group

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

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Analyst Recommendations for Omnicom Group (NYSE:OMC)

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