Omnicom Group Inc. (NYSE:OMC) Receives Consensus Rating of “Hold” from Analysts

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $92.5714.

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Morgan Stanley assumed coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $79.64 on Tuesday. The company has a 50 day moving average of $75.59 and a 200-day moving average of $75.18. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $89.35. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The company has a market cap of $15.37 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 19th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. Omnicom Group’s payout ratio is presently 47.27%.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds have recently modified their holdings of the company. Capital A Wealth Management LLC raised its stake in Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after buying an additional 318 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Omnicom Group in the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. lifted its stake in shares of Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Finally, Westside Investment Management Inc. boosted its position in shares of Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.