Omnicom Group Inc. (OMC) Rating Reiterated by RBC Capital Markets
Omnicom Group Inc. (NYSE:OMC)‘s stock had its “hold” rating reiterated by investment analysts at RBC Capital Markets in a note issued to investors on Sunday. They currently have a $87.00 price target on the stock. RBC Capital Markets’ target price would suggest a potential upside of 5.79% from the company’s current price.
A number of other brokerages also recently issued reports on OMC. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Royal Bank Of Canada started coverage on shares of Omnicom Group in a research report on Friday. They set a “sector perform” rating and a $87.00 price objective for the company. Albert Fried & Company restated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research report on Thursday, July 14th. BMO Capital Markets restated a “hold” rating and set a $80.00 price objective on shares of Omnicom Group in a research report on Sunday, July 17th. Finally, Credit Suisse Group AG started coverage on shares of Omnicom Group in a research report on Thursday, September 15th. They set a “neutral” rating and a $83.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $82.64.
Shares of Omnicom Group (NYSE:OMC) traded down 0.99% during mid-day trading on Friday, reaching $82.24. 1,837,949 shares of the company were exchanged. The stock has a 50 day moving average price of $84.69 and a 200-day moving average price of $83.39. Omnicom Group has a 12 month low of $66.48 and a 12 month high of $87.50. The stock has a market capitalization of $19.45 billion, a P/E ratio of 17.99 and a beta of 1.35.
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Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. Omnicom Group had a net margin of 7.26% and a return on equity of 38.56%. The company earned $3.88 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that Omnicom Group will post $4.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 22nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.20 annualized dividend and a yield of 2.68%. Omnicom Group’s dividend payout ratio is currently 48.04%.
In other news, Director Linda Johnson Rice sold 824 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total transaction of $69,669.20. Following the transaction, the director now directly owns 30,440 shares of the company’s stock, valued at approximately $2,573,702. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of OMC. Checchi Capital Advisers LLC boosted its position in Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 31 shares during the period. Dowling & Yahnke LLC boosted its position in Omnicom Group by 1.3% in the second quarter. Dowling & Yahnke LLC now owns 4,243 shares of the company’s stock worth $346,000 after buying an additional 53 shares during the period. Nippon Life Insurance Co. boosted its position in Omnicom Group by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 20,905 shares of the company’s stock worth $1,704,000 after buying an additional 54 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Omnicom Group by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,086 shares of the company’s stock worth $446,000 after buying an additional 66 shares during the period. Finally, Trust Department MB Financial Bank N A boosted its position in Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.
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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