Other equities analysts have also recently issued research reports about the stock. ING Group assumed coverage on shares of Omnicom Group in a research note on Thursday, September 8th. They set a buy rating for the company. They noted that the move was a valuation call. Edward Jones cut shares of Omnicom Group from a buy rating to a hold rating in a research note on Tuesday, June 14th. Redburn Partners reissued a neutral rating on shares of Omnicom Group in a research note on Thursday, September 8th. Wells Fargo & Company boosted their price target on shares of Omnicom Group from $73.00 to $84.00 and gave the stock an overweight rating in a research note on Wednesday, July 20th. Finally, Exane BNP Paribas assumed coverage on shares of Omnicom Group in a research note on Thursday, August 25th. They issued an underperform rating for the company. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $84.70.
Omnicom Group Price Performance
Shares of NYSE:OMC opened at $66.99 on Friday. The company has a 50 day moving average of $68.83 and a 200 day moving average of $73.16. The stock has a market cap of $13.72 billion, a P/E ratio of 11.01, a P/E/G ratio of 4.29 and a beta of 0.84. Omnicom Group has a 12 month low of $61.31 and a 12 month high of $91.61. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.
Omnicom Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. Omnicom Group’s dividend payout ratio is currently 45.83%.
Insider Activity at Omnicom Group
In related news, VP Michael J. Obrien sold 18,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $70.47, for a total transaction of $1,268,460.00. Following the completion of the sale, the vice president now directly owns 131,118 shares in the company, valued at approximately $9,239,885.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Omnicom Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC raised its holdings in Omnicom Group by 131.7% in the 2nd quarter. Clear Street Markets LLC now owns 431 shares of the business services provider’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in Omnicom Group in the 2nd quarter worth $27,000. Atlas Capital Advisors LLC raised its holdings in Omnicom Group by 6,720.0% in the 1st quarter. Atlas Capital Advisors LLC now owns 341 shares of the business services provider’s stock worth $29,000 after purchasing an additional 336 shares in the last quarter. Arlington Partners LLC bought a new position in Omnicom Group in the 2nd quarter worth $30,000. Finally, Carl Stuart Investment Advisor Inc. bought a new position in Omnicom Group in the 1st quarter worth $34,000. 90.85% of the stock is currently owned by institutional investors.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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