Omnicom Group Inc. (NYSE:OMC) Receives Average Recommendation of “Hold” from Analysts

Omnicom Group Inc. (NYSE:OMC) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $92.1429.

Several analysts recently issued reports on OMC shares. Bank of America reissued an “underperform” rating and issued a $77.00 price target (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Morgan Stanley began coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Barclays upped their price target 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. Finally, UBS Group lifted 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.

Omnicom Group Price Performance

OMC opened at $68.00 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $77.16 and its 200 day moving average price is $76.30. Omnicom Group has a fifty-two week low of $66.33 and a fifty-two week high of $89.27. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were paid a $0.80 dividend. The ex-dividend date was Friday, December 19th. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.7%. Omnicom Group’s dividend payout ratio (DPR) is 47.27%.

Institutional Trading of Omnicom Group

Several large investors have recently added to or reduced their stakes in OMC. Bollard Group LLC grew its stake in shares of Omnicom Group by 6.0% in the second quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock worth $185,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Omnicom Group by 2.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after purchasing an additional 145 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Omnicom Group by 4.1% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock valued at $305,000 after buying an additional 147 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Omnicom Group by 7.9% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock valued at $166,000 after buying an additional 149 shares during the period. Finally, Wakefield Asset Management LLLP increased its stake in Omnicom Group by 2.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after buying an additional 149 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.