Omnicom Group (NYSE:OMC) Issues Quarterly Earnings Results

Omnicom Group (NYSE:OMC) issued its quarterly earnings data on Tuesday. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.52 by $0.15, reports. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%.

Omnicom Group Trading Up 1.6 %

Omnicom Group stock opened at $92.45 on Thursday. The stock has a market cap of $18.23 billion, a P/E ratio of 12.49, a PEG ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The firm’s 50 day moving average price is $91.25 and its 200-day moving average price is $85.14.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently bought and sold shares of OMC. OFI Invest Asset Management bought a new stake in Omnicom Group in the third quarter worth $25,000. HHM Wealth Advisors LLC bought a new stake in Omnicom Group in the fourth quarter worth $26,000. Frazier Financial Advisors LLC bought a new stake in Omnicom Group in the fourth quarter worth $26,000. Pinnacle Bancorp Inc. increased its position in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Omnicom Group during the fourth quarter worth $29,000. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of several research reports. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a report on Wednesday. UBS Group started coverage on shares of Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Barclays raised their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $104.56.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.