Omnicom Group Inc. (OMC) Receives Average Rating of “Hold” from Brokerages
Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $85.33.
OMC has been the topic of a number of analyst reports. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, July 14th. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the company a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reiterated a “hold” rating and issued a $84.00 price target on shares of Omnicom Group in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 price target on shares of Omnicom Group in a research note on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, September 13th.
Shares of Omnicom Group (NYSE OMC) opened at 75.00 on Friday. The firm has a 50-day moving average price of $75.34 and a 200-day moving average price of $81.20. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 15.15 and a beta of 1.27. Omnicom Group has a 12-month low of $71.63 and a 12-month high of $89.66.
Omnicom Group (NYSE:OMC) last posted its earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group will post $5.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.
In related news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the transaction, the treasurer now directly owns 44,161 shares of the company’s stock, valued at $3,493,576.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 483 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cleararc Capital Inc. grew its holdings 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 purchasing an additional 19 shares during the period. RMB Capital Management LLC grew its holdings in shares of Omnicom Group by 0.9% during the first quarter. RMB Capital Management LLC now owns 2,427 shares of the business services provider’s stock valued at $209,000 after buying an additional 21 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its holdings in shares of Omnicom Group by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after buying an additional 35 shares during the last quarter. Pennsylvania Trust Co grew its holdings in shares of Omnicom Group by 1.1% during the second quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock valued at $381,000 after buying an additional 50 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of Omnicom Group by 1.5% during the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.
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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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