Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Hold” by Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $93.1250.

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Rothschild & Co Redburn assumed coverage on Omnicom Group in a report on Thursday. They issued a “neutral” rating and a $89.00 target price on the stock. Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Barclays upped their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Morgan Stanley upped their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st.

Omnicom Group Stock Down 1.0%

Omnicom Group stock opened at $74.09 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 189.98, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. Omnicom Group has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The stock’s fifty day moving average is $75.55 and its two-hundred day moving average is $76.52.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.Omnicom Group’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. Analysts predict that Omnicom Group will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Omnicom Group announced that its board has approved a share repurchase plan on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 38.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Omnicom Group

Large investors have recently made changes to their positions in the stock. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in Omnicom Group by 4.1% during the fourth 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 acquiring an additional 147 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after acquiring an additional 149 shares during the last quarter. Wakefield Asset Management LLLP lifted its position in 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 worth $477,000 after acquiring an additional 149 shares during the last quarter. Caldwell Trust Co lifted its position in Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock worth $50,000 after acquiring an additional 149 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in Omnicom Group by 3.1% during the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

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.