Omnicom Group (NYSE:OMC) Reaches New 1-Year Low – Here’s Why

Omnicom Group Inc. (NYSE:OMC) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $79.54 and last traded at $79.67, with a volume of 523998 shares changing hands. The stock had previously closed at $82.51.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $15.80 billion, a PE ratio of 10.79, a P/E/G ratio of 1.94 and a beta of 0.98. The business’s fifty day moving average is $84.35 and its 200-day moving average is $94.13.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the company earned $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently bought and sold shares of OMC. Janney Montgomery Scott LLC boosted its stake in shares of Omnicom Group by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider’s stock valued at $2,193,000 after purchasing an additional 423 shares during the period. Sigma Planning Corp purchased a new stake in shares of Omnicom Group during the third quarter valued at $223,000. Ashton Thomas Securities LLC purchased a new stake in shares of Omnicom Group during the third quarter valued at $68,000. Versor Investments LP purchased a new stake in shares of Omnicom Group during the third quarter valued at $355,000. Finally, WCM Investment Management LLC purchased a new stake in shares of Omnicom Group during the third quarter valued at $213,000. Institutional investors own 91.97% of the company’s stock.

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.