Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Hold” by Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $92.1429.

A number of equities analysts recently issued reports on OMC shares. Barclays boosted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group upped their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Morgan Stanley assumed coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price for the company. Finally, Bank of America restated an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th.

Omnicom Group Trading Up 3.3%

Shares of NYSE:OMC opened at $73.09 on Wednesday. The company has a market cap of $14.10 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.14 and a beta of 0.74. The stock’s 50-day moving average is $77.52 and its 200-day moving average is $76.46. Omnicom Group has a 52-week low of $66.33 and a 52-week high of $89.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were paid a $0.80 dividend. The ex-dividend date was Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. Omnicom Group’s dividend payout ratio is currently 47.27%.

Hedge Funds Weigh In On Omnicom Group

Hedge funds have recently made changes to their positions in the business. TD Asset Management Inc raised its stake in Omnicom Group by 55.3% during the fourth quarter. TD Asset Management Inc now owns 434,489 shares of the business services provider’s stock worth $35,085,000 after acquiring an additional 154,710 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $1,022,000. Lido Advisors LLC grew its holdings in shares of Omnicom Group by 0.9% in the 4th quarter. Lido Advisors LLC now owns 95,422 shares of the business services provider’s stock worth $7,844,000 after purchasing an additional 812 shares during the last quarter. REAP Financial Group LLC acquired a new stake in shares of Omnicom Group during the 4th quarter worth about $35,000. Finally, Private Wealth Asset Management LLC lifted its holdings in Omnicom Group by 35.3% during the 4th quarter. Private Wealth Asset Management LLC now owns 863 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.