Omnicom Group Inc. Plans Quarterly Dividend of $0.70 (NYSE:OMC)

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Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Tuesday, May 4th, RTT News reports. Investors of record on Friday, June 11th will be given a dividend of 0.70 per share by the business services provider on Friday, July 9th. This represents a $2.80 annualized dividend and a yield of 3.35%.

Omnicom Group has raised its dividend payment by 15.6% over the last three years and has raised its dividend every year for the last 1 years.

OMC stock traded up $0.02 during trading on Tuesday, hitting $83.55. The company had a trading volume of 1,360,448 shares, compared to its average volume of 1,953,905. The company has a fifty day moving average price of $78.12 and a two-hundred day moving average price of $66.27. Omnicom Group has a fifty-two week low of $44.50 and a fifty-two week high of $84.23. The company has a market cap of $17.97 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.58 and a beta of 0.87. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, April 19th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Omnicom Group had a net margin of 7.10% and a return on equity of 36.90%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. On average, analysts expect that Omnicom Group will post 4.63 earnings per share for the current year.

In other news, CEO John Wren sold 81,062 shares of the firm’s stock in a transaction dated Monday, April 26th. The stock was sold at an average price of $80.68, for a total value of $6,540,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

A number of research firms have commented on OMC. BMO Capital Markets boosted their price objective on Omnicom Group from $68.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday, April 22nd. Macquarie raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $76.00 to $93.00 in a research note on Monday. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Wednesday, April 28th. Finally, Wells Fargo & Company upped their target price on Omnicom Group from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 21st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.50.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Further Reading: Market Capitalization

Dividend History for Omnicom Group (NYSE:OMC)

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