Omnicom Group (NYSE:OMC) Reaches New 12-Month High at $100.09

Omnicom Group Inc. (NYSE:OMC) shares reached a new 52-week high on Friday . The company traded as high as $100.09 and last traded at $100.04, with a volume of 483672 shares traded. The stock had previously closed at $98.63.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Macquarie reiterated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research report on Wednesday, July 17th. Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. Finally, UBS Group increased their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $104.70.

Omnicom Group Trading Up 1.8 %

The firm has a market cap of $19.67 billion, a PE ratio of 13.57, a P/E/G ratio of 2.24 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average price is $93.42 and its two-hundred day moving average price is $92.74.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Activity

In related news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. International Assets Investment Management LLC grew its holdings in Omnicom Group by 8,551.1% during the 4th quarter. International Assets Investment Management LLC now owns 7,959 shares of the business services provider’s stock worth $689,000 after acquiring an additional 7,867 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Omnicom Group during the 4th quarter worth about $208,000. Van ECK Associates Corp grew its holdings in Omnicom Group by 56.0% during the 4th quarter. Van ECK Associates Corp now owns 67,551 shares of the business services provider’s stock worth $5,844,000 after acquiring an additional 24,250 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after acquiring an additional 124 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Omnicom Group by 55.3% in the 4th quarter. First Trust Direct Indexing L.P. now owns 5,099 shares of the business services provider’s stock valued at $441,000 after buying an additional 1,815 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.