Weekly Investment Analysts’ Ratings Updates for Omnicom Group (OMC)

Several brokerages have updated their recommendations and price targets on shares of Omnicom Group (NYSE: OMC) in the last few weeks:

• 4/18/2024 – Omnicom Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/17/2024 – Omnicom Group had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $108.00. They now have an “overweight” rating on the stock.
• 4/17/2024 – Omnicom Group was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $106.00 price target on the stock, up previously from $91.00.
• 4/17/2024 – Omnicom Group had its price target raised by analysts at Moffett Nathanson from $89.00 to $93.00. They now have a “neutral” rating on the stock.
• 4/4/2024 – Omnicom Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/2/2024 – Omnicom Group had its price target raised by analysts at Macquarie from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 3/28/2024 – Omnicom Group was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $115.00 price target on the stock.
• 3/27/2024 – Omnicom Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/19/2024 – Omnicom Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Omnicom Group Stock Performance

OMC stock opened at $93.65 on Thursday. The business’s fifty day moving average is $92.76 and its 200-day moving average is $86.55. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The company has a market cap of $18.34 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Omnicom Group

A number of large investors have recently added to or reduced their stakes in OMC. Tanager Wealth Management LLP bought a new position in shares of Omnicom Group in the 1st quarter valued at about $221,000. Janney Montgomery Scott LLC grew its holdings in shares of Omnicom Group by 98.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,618 shares of the business services provider’s stock valued at $1,898,000 after acquiring an additional 9,757 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Omnicom Group by 17.7% in the 1st quarter. BNP Paribas Financial Markets now owns 665,366 shares of the business services provider’s stock valued at $64,381,000 after acquiring an additional 99,845 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Omnicom Group by 124.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,655 shares of the business services provider’s stock valued at $8,127,000 after acquiring an additional 49,768 shares in the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Omnicom Group in the 1st quarter valued at about $243,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.