ValuEngine cut shares of Omnicom Group (NYSE:OMC) from a buy rating to a hold rating in a report published on Friday.
A number of other equities analysts have also recently weighed in on the company. Morgan Stanley cut Omnicom Group from an equal weight rating to an underweight rating and set a $72.00 price target for the company. in a report on Monday, October 16th. Argus raised Omnicom Group from a hold rating to a buy rating in a report on Tuesday, October 31st. Credit Suisse Group reduced their price target on Omnicom Group from $79.00 to $78.00 and set a neutral rating for the company in a report on Wednesday, October 11th. Zacks Investment Research cut Omnicom Group from a hold rating to a sell rating in a report on Tuesday, October 10th. Finally, Macquarie cut Omnicom Group from a neutral rating to an underperform rating and set a $83.00 price target for the company. in a report on Tuesday, January 2nd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $83.64.
Omnicom Group (OMC) opened at $74.91 on Friday. The firm has a market capitalization of $17,269.21, a PE ratio of 15.07, a P/E/G ratio of 2.44 and a beta of 1.20. Omnicom Group has a fifty-two week low of $65.32 and a fifty-two week high of $87.43. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio is presently 47.81%.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC grew its position in shares of Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after purchasing an additional 1,671,452 shares in the last quarter. Longview Partners Guernsey LTD grew its position in shares of Omnicom Group by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after purchasing an additional 1,653,208 shares in the last quarter. Mondrian Investment Partners LTD purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $51,393,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $39,649,000. Finally, Jensen Investment Management Inc. grew its position in shares of Omnicom Group by 14.6% in the third quarter. Jensen Investment Management Inc. now owns 4,008,440 shares of the business services provider’s stock valued at $296,905,000 after purchasing an additional 509,685 shares in the last quarter. 98.62% of the stock is owned by institutional investors and hedge funds.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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