Omnicom Group Inc. (NYSE:OMC) fell 1.6% on Thursday . The stock traded as low as $82.12 and last traded at $83.57, with a volume of 1,727,002 shares. The stock had previously closed at $84.96.

Several brokerages recently weighed in on OMC. Albert Fried & Company reaffirmed a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a report on Thursday. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $86.00 price target (up from $85.00) on shares of Omnicom Group in a report on Saturday, April 23rd. Barclays PLC downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $82.00 to $90.00 in a report on Wednesday, April 20th. Finally, Wells Fargo & Co. downgraded Omnicom Group from an “outperform” rating to a “market perform” rating in a report on Thursday, April 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.08.

The stock has a market capitalization of $19.68 billion and a price-to-earnings ratio of 18.11. The firm’s 50-day moving average price is $82.46 and its 200 day moving average price is $79.51.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.03. During the same quarter in the prior year, the firm earned $1.26 EPS. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.91 billion. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group Inc. will post $4.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 22nd will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.20 dividend on an annualized basis and a yield of 2.66%.

In related news, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $84.31, for a total transaction of $1,922,268.00. Following the completion of the transaction, the chairman now owns 128,650 shares in the company, valued at approximately $10,846,481.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Wren sold 35,104 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $82.35, for a total value of $2,890,814.40. Following the transaction, the chief executive officer now owns 971,798 shares of the company’s stock, valued at approximately $80,027,565.30. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Quantitative Investment Management LLC bought a new position in Omnicom Group during the fourth quarter worth about $1,142,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Omnicom Group by 1.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,828 shares of the company’s stock worth $1,198,000 after buying an additional 219 shares in the last quarter. Tredje AP fonden raised its position in Omnicom Group by 0.4% in the fourth quarter. Tredje AP fonden now owns 16,813 shares of the company’s stock worth $1,280,000 after buying an additional 63 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Omnicom Group by 95.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 19,636 shares of the company’s stock worth $1,486,000 after buying an additional 9,594 shares in the last quarter. Finally, BHF Kleinwort Benson Group S.A. bought a new position in Omnicom Group during the fourth quarter worth about $1,495,000.

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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