Omnicom Group Inc. (NYSE:OMC) Receives $92.14 Average Target Price from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.1429.

Several research analysts have recently weighed in on the stock. Bank of America restated an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. UBS Group upped their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Barclays lifted their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley assumed coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bollard Group LLC grew its stake in Omnicom Group by 6.0% in the second quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock worth $185,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Omnicom Group by 2.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after acquiring an additional 145 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of Omnicom Group by 4.1% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after purchasing an additional 147 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Omnicom Group by 7.9% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock valued at $166,000 after buying an additional 149 shares during the last quarter. Finally, Wakefield Asset Management LLLP boosted its holdings in shares of Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 149 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 2.7%

Shares of OMC opened at $69.07 on Wednesday. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $89.27. The stock’s 50-day moving average is $77.34 and its two-hundred day moving average is $76.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market cap of $13.33 billion, a PE ratio of 10.20, a P/E/G ratio of 1.08 and a beta of 0.74.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a dividend of $0.80 per share. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.6%. Omnicom Group’s dividend payout ratio (DPR) is currently 47.27%.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.