Omnicom Group (NYSE:OMC) Price Target Raised to $93.00 at Moffett Nathanson

Omnicom Group (NYSE:OMC) had its target price hoisted by Moffett Nathanson from $89.00 to $93.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research analysts have also commented on the company. StockNews.com upgraded Omnicom Group from a hold rating to a buy rating in a report on Thursday. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. UBS Group initiated coverage on Omnicom Group in a research report on Thursday, January 11th. They set a buy rating and a $117.00 price objective on the stock. BNP Paribas upgraded Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price objective on the stock in a research report on Thursday, March 28th. Finally, Barclays boosted their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of Moderate Buy and an average price target of $103.40.

Omnicom Group Stock Up 1.6 %

OMC opened at $92.45 on Wednesday. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The firm has a market cap of $18.23 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The business has a 50 day moving average price of $91.25 and a 200 day moving average price of $85.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts forecast that Omnicom Group will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction on Friday, February 9th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several large investors have recently made changes to their positions in the business. Occidental Asset Management LLC lifted its stake in shares of Omnicom Group by 70.8% during the first quarter. Occidental Asset Management LLC now owns 23,579 shares of the business services provider’s stock valued at $2,282,000 after acquiring an additional 9,777 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Omnicom Group during the first quarter valued at $2,990,000. Chesley Taft & Associates LLC lifted its stake in shares of Omnicom Group by 35.0% during the first quarter. Chesley Taft & Associates LLC now owns 19,500 shares of the business services provider’s stock valued at $1,887,000 after acquiring an additional 5,060 shares during the period. Atlas Capital Advisors LLC lifted its stake in shares of Omnicom Group by 40.0% during the first quarter. Atlas Capital Advisors LLC now owns 4,689 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 1,339 shares during the period. Finally, Affinity Capital Advisors LLC acquired a new position in shares of Omnicom Group during the first quarter valued at $209,000. Institutional investors own 91.97% of the company’s stock.

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.