Brokerages Set Omnicom Group Inc. (NYSE:OMC) PT at $99.00

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $99.00.

Several analysts have weighed in on OMC shares. Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. The Goldman Sachs Group started coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Finally, Citigroup cut their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of Omnicom Group stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Omnicom Group

A number of large investors have recently bought and sold shares of the stock. Pure Financial Advisors LLC lifted its position in Omnicom Group by 3.1% during the second quarter. Pure Financial Advisors LLC now owns 4,464 shares of the business services provider’s stock worth $325,000 after acquiring an additional 135 shares during the last quarter. Tranquilli Financial Advisor LLC grew its position in shares of Omnicom Group by 2.0% in the second quarter. Tranquilli Financial Advisor LLC now owns 7,610 shares of the business services provider’s stock valued at $554,000 after purchasing an additional 148 shares during the last quarter. Wakefield Asset Management LLLP increased its stake in shares of Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock worth $477,000 after purchasing an additional 149 shares during the period. Caldwell Trust Co increased its stake in shares of Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock worth $50,000 after purchasing an additional 149 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in Omnicom Group by 39.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $82.49 on Monday. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 71.11, a price-to-earnings-growth ratio of 0.71 and a beta of 0.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The business’s 50 day simple moving average is $82.83 and its 200-day simple moving average is $78.76. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $89.57.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. As a group, equities analysts forecast that Omnicom Group will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders 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 annualized dividend and a dividend yield of 3.9%. 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.