Omnicom Group Inc. (NYSE:OMC)’s share price was down 2.3% during mid-day trading on Thursday . The stock traded as low as $81.76 and last traded at $81.79, with a volume of 1,021,555 shares traded. The stock had previously closed at $83.68.

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group upped their price target on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a report on Wednesday. Wells Fargo & Co. cut 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. Wedbush restated a “hold” rating and issued a $85.00 price target (up previously from $81.00) on shares of Omnicom Group in a report on Thursday, April 14th. Barclays PLC cut Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $82.00 to $90.00 in a report on Wednesday, April 20th. Finally, Albert Fried & Company restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $80.92.

The firm has a 50-day moving average price of $82.48 and a 200 day moving average price of $79.68. The firm has a market cap of $19.46 billion and a P/E ratio of 17.90.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 14th. The company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.03. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $1.26 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Omnicom Group Inc. will post $4.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 22nd will be issued 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 dividend yield of 2.69%.

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

Several hedge funds and institutional investors recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Omnicom Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,403,412 shares of the company’s stock worth $1,089,762,000 after buying an additional 231,348 shares in the last quarter. Janus Capital Management raised its position in Omnicom Group by 20.9% in the third quarter. Janus Capital Management now owns 2,453,085 shares of the company’s stock worth $161,659,000 after buying an additional 424,241 shares in the last quarter. Coho Partners Ltd. raised its position in Omnicom Group by 1.5% in the fourth quarter. Coho Partners Ltd. now owns 1,350,007 shares of the company’s stock worth $102,142,000 after buying an additional 20,413 shares in the last quarter. Schroder Investment Management Group raised its position in Omnicom Group by 62.2% in the fourth quarter. Schroder Investment Management Group now owns 1,038,200 shares of the company’s stock worth $78,550,000 after buying an additional 398,077 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its position in Omnicom Group by 0.8% in the fourth quarter. I.G. Investment Management LTD. now owns 794,918 shares of the company’s stock worth $60,144,000 after buying an additional 6,547 shares in the last quarter.

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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