Omnicom Group Sees Unusually High Options Volume (OMC)
Omnicom Group Inc. (NYSE:OMC) was the target of some unusual options trading on Thursday. Stock investors acquired 5,164 put options on the company. This is an increase of 1,827% compared to the average volume of 268 put options.
A number of research analysts recently weighed in on OMC shares. Jefferies Group reissued a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a research note on Thursday, September 21st. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Credit Suisse Group cut their price objective on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Morgan Stanley downgraded Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price target on the stock. in a research report on Monday, October 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Omnicom Group presently has a consensus rating of “Hold” and an average price target of $84.36.
In related news, Director Linda Johnson Rice sold 489 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now directly owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Omnicom Group (NYSE:OMC) opened at $75.92 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $17,133.19, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. Omnicom Group has a 1 year low of $65.32 and a 1 year high of $87.43.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS. equities analysts anticipate that Omnicom Group will post 5.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio (DPR) is presently 47.81%.
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About Omnicom Group
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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