Omnicom Group (NYSE:OMC) Reaches New 12-Month Low – What’s Next?

Shares of Omnicom Group Inc. (NYSE:OMC) hit a new 52-week low on Monday . The company traded as low as $81.42 and last traded at $82.24, with a volume of 296732 shares changing hands. The stock had previously closed at $82.07.

Analyst Ratings Changes

OMC has been the subject of several recent research reports. Wells Fargo & Company dropped 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 research report on Tuesday, December 10th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Omnicom Group Stock Performance

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 stock has a 50-day moving average price of $94.45 and a 200-day moving average price of $96.64. The firm has a market capitalization of $16.51 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the firm earned $1.86 EPS. On average, research analysts expect that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Insider Activity at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Omnicom Group

A number of hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the last quarter. Geode Capital Management LLC lifted its stake in Omnicom Group by 1.4% during the third 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 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 purchasing an additional 364,665 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Omnicom Group by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock worth $127,398,000 after purchasing an additional 81,598 shares during the period. Finally, Barclays PLC increased its stake in Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after purchasing an additional 13,637 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.