Omnicom Group Inc. (NYSE:OMC) Receives $103.40 Average Target Price from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $104.40.

A number of equities research analysts recently weighed in on OMC shares. JPMorgan Chase & Co. increased their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. 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 target price for the company. Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Large investors have recently modified their holdings of the business. Aviva PLC boosted its stake in Omnicom Group by 406.1% in the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after buying an additional 101,348 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $200,000. Arvest Investments Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $1,969,000. Raymond James & Associates increased its position in Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after purchasing an additional 13,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Omnicom Group by 1,627.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after purchasing an additional 62,640 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.4 %

NYSE:OMC opened at $95.08 on Thursday. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The business has a 50 day moving average price of $93.12 and a two-hundred day moving average price of $87.14. The company has a market cap of $18.62 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Omnicom Group will post 7.81 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.94%. Omnicom Group’s dividend payout ratio is presently 37.84%.

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.