Omnicom Group Inc. (NYSE:OMC) Stock Has Consensus Price Target of $99.00

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $99.00.

OMC has been the subject of several analyst reports. Zacks Research downgraded shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Monday, September 14th. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Finally, Wells Fargo & Company upped 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.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Rice sold 1,385 shares of the firm’s stock in a transaction 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 sale, the director owned 11,719 shares in the company, valued at $1,039,826.87. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Omnicom Group in the 2nd quarter worth about $2,082,476,000. Bank of New York Mellon Corp acquired a new position in shares of Omnicom Group during the 2nd quarter valued at about $914,156,000. Geode Capital Management LLC increased its stake in shares of Omnicom Group by 57.1% during the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after acquiring an additional 3,117,188 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Omnicom Group by 0.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,343,209 shares of the business services provider’s stock worth $534,806,000 after acquiring an additional 40,096 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Omnicom Group by 89.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,106,022 shares of the business services provider’s stock worth $493,061,000 after acquiring an additional 2,883,520 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $76.01 on Friday. 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 stock has a fifty day moving average of $82.44 and a two-hundred day moving average of $78.38. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 65.53, a PEG ratio of 0.64 and a beta of 0.65. Omnicom Group has a fifty-two week low of $66.33 and a fifty-two week high of $89.57.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (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 firm’s revenue was up 63.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. On average, analysts anticipate that Omnicom Group will post 10.5 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 4.2%. Omnicom Group’s payout ratio is 275.86%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and communications holding company. Through a network of agencies and specialized businesses, it provides advertising, branding, media planning and buying, public relations, customer relationship management, digital marketing, experiential marketing and healthcare communications services.

Omnicom’s agency brands have included BBDO Worldwide, DDB Worldwide, TBWA\Worldwide, Omnicom Media Group, FleishmanHillard and Ketchum. These businesses serve clients across industries, including consumer products, healthcare, technology, financial services, automotive and telecommunications, helping organizations develop brand strategies, create campaigns and engage audiences through traditional and digital channels.

Omnicom was formed in 1986 through the merger of advertising companies BBDO, Doyle Dane Bernbach and Needham Harper Worldwide.