Omnicom Group Inc. (NYSE:OMC – Get Free Report) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $99.00.
OMC has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Citigroup reduced their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price on the stock. Finally, Zacks Research lowered shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th.
View Our Latest Stock Report on Omnicom Group
Insider Activity
Institutional Trading of Omnicom Group
Large investors have recently bought and sold shares of the stock. Activest Wealth Management lifted its holdings in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter worth about $25,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth about $26,000. Legacy Wealth Managment LLC ID increased its position in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Omnicom Group during the 4th quarter worth about $28,000. 91.97% of the stock is currently owned by institutional investors.
Omnicom Group Price Performance
Shares of NYSE:OMC opened at $81.76 on Monday. The firm has a market capitalization of $22.43 billion, a PE ratio of 70.48, a PEG ratio of 0.74 and a beta of 0.65. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. Omnicom Group has a 1-year low of $66.33 and a 1-year high of $89.57. The business’s 50 day moving average is $82.42 and its 200-day moving average is $78.56.
Omnicom Group (NYSE:OMC – Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Sell-side analysts predict that Omnicom Group will post 10.35 earnings per share for the current year.
Omnicom Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio is currently 275.86%.
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.
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