Omnicom Group Inc. (NYSE:OMC) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $82.69.
A number of brokerages recently weighed in on OMC. TheStreet upgraded shares of Omnicom Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Wells Fargo reiterated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a research report on Friday, February 16th. Pivotal Research cut their price target on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 15th. Macquarie upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, February 16th. Finally, BMO Capital Markets upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $80.00 to $90.00 in a report on Friday, February 16th. They noted that the move was a valuation call.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now directly owns 42,561 shares in the company, valued at $3,293,370.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC grew its stake in shares of Omnicom Group by 20.7% in the fourth quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock valued at $557,408,000 after buying an additional 1,310,260 shares in the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Omnicom Group by 12.4% in the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock valued at $462,899,000 after buying an additional 702,181 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after buying an additional 1,366,325 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Omnicom Group by 11.9% in the fourth quarter. Mackenzie Financial Corp now owns 4,937,280 shares of the business services provider’s stock valued at $359,582,000 after buying an additional 525,157 shares in the last quarter. Finally, Jensen Investment Management Inc. grew its stake in shares of Omnicom Group by 0.4% in the fourth quarter. Jensen Investment Management Inc. now owns 4,025,308 shares of the business services provider’s stock valued at $293,163,000 after buying an additional 16,868 shares in the last quarter. Institutional investors own 98.62% of the company’s stock.
Shares of Omnicom Group (NYSE:OMC) traded down $1.06 during trading hours on Friday, hitting $72.50. 672,599 shares of the company were exchanged, compared to its average volume of 2,753,973. The firm has a market cap of $17,035.20, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $86.71.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. Omnicom Group’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. equities analysts anticipate that Omnicom Group will post 5.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.31%. Omnicom Group’s dividend payout ratio (DPR) is currently 51.72%.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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