Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Moderate Buy” by Analysts

Omnicom Group Inc. (NYSE:OMC) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $106.30.

OMC has been the topic of several recent analyst reports. Macquarie reissued an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Bank of America upped their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th.

Omnicom Group Trading Down 0.3 %

Shares of NYSE OMC opened at $102.67 on Friday. The stock has a market cap of $20.11 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. The firm has a 50 day moving average price of $97.46 and a two-hundred day moving average price of $94.39. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group has a 52-week low of $72.20 and a 52-week high of $104.80.

Omnicom Group (NYSE:OMC) last issued its quarterly 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 return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts forecast that Omnicom Group will post 7.88 EPS for the current year.

Omnicom Group Announces Dividend

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 issued a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.73%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Transactions at Omnicom Group

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

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Richardson Financial Services Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth $29,000. Innealta Capital LLC bought a new position in shares of Omnicom Group during the second quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group during the second quarter valued at about $33,000. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group in the first quarter worth about $50,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Omnicom Group in the first quarter worth about $52,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.