Omnicom Group Inc. (NYSE:OMC) Receives Average Recommendation of “Hold” from Brokerages

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

OMC has been the subject of several research analyst reports. UBS Group lifted their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Morgan Stanley assumed coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Bank of America reissued an “underperform” rating and set a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Finally, Barclays upped their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd.

Omnicom Group Stock Up 3.3%

Shares of OMC opened at $73.09 on Wednesday. The company has a market capitalization of $14.10 billion, a P/E ratio of 10.80, a PEG ratio of 1.14 and a beta of 0.74. Omnicom Group has a one year low of $66.33 and a one year high of $89.27. The business’s 50 day simple moving average is $77.52 and its 200-day simple moving average is $76.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a $0.80 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. Omnicom Group’s payout ratio is 47.27%.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds have recently added to or reduced their stakes in OMC. Vanguard Group Inc. lifted its position in Omnicom Group by 64.2% during the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $515,145,000. Bank of New York Mellon Corp raised its stake in shares of Omnicom Group by 69.6% during the fourth quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after buying an additional 4,631,394 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Omnicom Group by 117.9% in the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after buying an additional 3,362,411 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after acquiring an additional 3,117,188 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.