Omnicom Group Inc. (NYSE:OMC)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $82.00 price objective on the business services provider’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 0.89% from the stock’s previous close.

OMC has been the topic of a number of other reports. Macquarie downgraded shares of Omnicom Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Barclays PLC reiterated a “hold” rating and set a $86.00 price objective on shares of Omnicom Group in a research note on Thursday, April 20th. Wedbush reduced their price objective on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Finally, 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 Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and a consensus target price of $85.50.

Shares of Omnicom Group (NYSE:OMC) traded up 0.51% during midday trading on Friday, reaching $81.28. 1,428,444 shares of the company were exchanged. The company has a market capitalization of $18.92 billion, a PE ratio of 16.57 and a beta of 1.27. The stock’s 50-day moving average price is $82.87 and its 200-day moving average price is $84.58. Omnicom Group has a 52-week low of $78.67 and a 52-week high of $89.66.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.54% and a return on equity of 42.34%. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Omnicom Group will post $5.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.71%. Omnicom Group’s payout ratio is currently 44.81%.

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In related news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $171,049.34. Following the sale, the director now owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Bruce Crawford sold 22,800 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares in the company, valued at approximately $8,936,777.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Cleararc Capital Inc. boosted its stake in Omnicom Group by 0.3% in the first quarter. Cleararc Capital Inc. now owns 5,744 shares of the business services provider’s stock worth $495,000 after buying an additional 19 shares during the period. RMB Capital Management LLC boosted its stake in Omnicom Group by 0.9% in the first quarter. RMB Capital Management LLC now owns 2,427 shares of the business services provider’s stock worth $209,000 after buying an additional 21 shares during the period. MUFG Americas Holdings Corp boosted its stake in Omnicom Group by 0.3% in the first quarter. MUFG Americas Holdings Corp now owns 8,326 shares of the business services provider’s stock worth $718,000 after buying an additional 26 shares during the period. Sawtooth Solutions LLC boosted its stake in Omnicom Group by 0.4% in the first quarter. Sawtooth Solutions LLC now owns 8,961 shares of the business services provider’s stock worth $773,000 after buying an additional 33 shares during the period. Finally, Howard Capital Management boosted its stake in Omnicom Group by 1.2% in the first quarter. Howard Capital Management now owns 3,452 shares of the business services provider’s stock worth $298,000 after buying an additional 40 shares during the period. 97.47% 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.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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