Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Hold” by Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have been given an average rating of “Hold” by the nine analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $92.1429.

A number of equities analysts have weighed in on OMC shares. UBS Group upped their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Morgan Stanley began coverage on shares of 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. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Bank of America reiterated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds have recently modified their holdings of the business. Czech National Bank lifted its stake in shares of Omnicom Group by 5.7% in the second quarter. Czech National Bank now owns 47,691 shares of the business services provider’s stock worth $3,431,000 after buying an additional 2,567 shares in the last quarter. Focus Financial Network Inc. raised its holdings in Omnicom Group by 28.5% in the 2nd quarter. Focus Financial Network Inc. now owns 3,209 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 711 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its stake in Omnicom Group by 109.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,184 shares of the business services provider’s stock worth $373,000 after purchasing an additional 2,709 shares in the last quarter. Swedbank AB lifted its stake in Omnicom Group by 17.0% in the 2nd quarter. Swedbank AB now owns 62,054 shares of the business services provider’s stock worth $4,464,000 after purchasing an additional 9,003 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Omnicom Group by 1.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 72,500 shares of the business services provider’s stock worth $5,216,000 after purchasing an additional 900 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of OMC stock opened at $79.81 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Omnicom Group has a 12-month low of $68.37 and a 12-month high of $89.35. The business’s 50 day moving average is $76.67 and its two-hundred day moving average is $76.25. The company has a market capitalization of $15.40 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.34 and a beta of 0.74.

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

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, December 19th. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is 47.27%.

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.