Omnicom Group (NYSE:OMC) Reaches New 1-Year Low – What’s Next?

Omnicom Group Inc. (NYSE:OMC)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $84.21 and last traded at $84.25, with a volume of 1342664 shares trading hands. The stock had previously closed at $85.10.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Barclays lifted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.00.

Omnicom Group Stock Down 0.6 %

The company’s 50-day simple moving average is $96.62 and its 200 day simple moving average is $96.89. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market cap of $16.51 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the company earned $1.86 EPS. Research analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.31%. Omnicom Group’s payout ratio is 38.25%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Omnicom Group

Hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after acquiring an additional 759,980 shares during the last quarter. Geode Capital Management LLC grew its position in Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock worth $205,682,000 after buying an additional 364,665 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Omnicom Group by 6.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock valued at $127,398,000 after buying an additional 81,598 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Omnicom Group by 0.3% in the second quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider’s stock valued at $89,517,000 after purchasing an additional 2,797 shares during the period. 91.97% of the stock is currently owned by hedge funds and other 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.