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

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $110.00.

A number of equities research analysts have weighed in on OMC shares. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Bank of America boosted their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Finally, UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th.

Omnicom Group Price Performance

OMC opened at $88.96 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $101.13 and a 200 day moving average of $97.25. The stock has a market cap of $17.36 billion, a P/E ratio of 12.15, a PEG ratio of 2.07 and a beta of 0.94. Omnicom Group has a 52-week low of $84.43 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the company posted $1.86 EPS. As a group, sell-side analysts anticipate that Omnicom Group will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Omnicom Group

A number of hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Geode Capital Management LLC boosted its position in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after purchasing an additional 892,494 shares in the last quarter. Cooke & Bieler LP boosted its position in Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock worth $215,249,000 after purchasing an additional 109,406 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock worth $205,682,000 after purchasing an additional 364,665 shares in the last quarter. 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.