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

Omnicom Group Inc. (NYSE:OMC) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $99.00.

A number of research analysts have issued reports on OMC shares. Citigroup decreased their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Morgan Stanley upped their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Wells Fargo & Company increased their price objective on Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. boosted its holdings in Omnicom Group by 34.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock valued at $42,316,000 after purchasing an additional 133,093 shares during the period. LBP AM SA increased its holdings in Omnicom Group by 24.2% during the 4th quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock worth $12,086,000 after purchasing an additional 29,195 shares during the period. Berger Financial Group Inc acquired a new stake in Omnicom Group in the 4th quarter valued at about $5,564,000. Resona Asset Management Co. Ltd. boosted its stake in shares of Omnicom Group by 55.4% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock valued at $7,976,000 after buying an additional 35,247 shares during the period. Finally, Generali Asset Management SPA SGR boosted its stake in shares of Omnicom Group by 346.0% in the 4th quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock valued at $1,662,000 after buying an additional 15,966 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $84.54 on Thursday. Omnicom Group has a fifty-two week low of $66.33 and a fifty-two week high of $87.41. The company has a market cap of $23.19 billion, a PE ratio of 72.88, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The business has a 50-day simple moving average of $78.25 and a two-hundred day simple moving average of $77.02.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. As a group, equities analysts expect that Omnicom Group will post 10.35 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a yield of 3.8%. Omnicom Group’s dividend payout ratio is currently 275.86%.

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.