Omnicom Group Inc. (OMC) to Issue Quarterly Dividend of $0.80 on July 9th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.80 per share by the business services provider on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 10th.

Omnicom Group has increased its dividend payment by an average of 0.0%annually over the last three years. Omnicom Group has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $12.53 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 25.5%.

Omnicom Group Price Performance

NYSE:OMC opened at $75.28 on Monday. Omnicom Group has a 52 week low of $66.33 and a 52 week high of $87.17. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 193.03, a P/E/G ratio of 0.45 and a beta of 0.64. The firm’s 50-day simple moving average is $75.45 and its 200 day simple moving average is $76.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm earned $1.70 earnings per share. Omnicom Group’s revenue for the quarter was up 69.2% compared to the same quarter last year. As a group, sell-side analysts predict that Omnicom Group will post 10.97 earnings per share for the current year.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds have recently made changes to their positions in OMC. DV Trading LLC boosted its position in Omnicom Group by 275.0% during the 1st quarter. DV Trading LLC now owns 3,000 shares of the business services provider’s stock worth $226,000 after buying an additional 2,200 shares during the period. NewEdge Advisors LLC boosted its position in Omnicom Group by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 57,040 shares of the business services provider’s stock worth $4,296,000 after buying an additional 12,425 shares during the period. Cozad Asset Management Inc. boosted its position in Omnicom Group by 2.6% during the 1st quarter. Cozad Asset Management Inc. now owns 28,938 shares of the business services provider’s stock worth $2,179,000 after buying an additional 737 shares during the period. Glenmede Trust Co. NA boosted its position in Omnicom Group by 17.5% during the 1st quarter. Glenmede Trust Co. NA now owns 447,005 shares of the business services provider’s stock worth $33,664,000 after buying an additional 66,515 shares during the period. Finally, Axiom Investment Management LLC acquired a new stake in Omnicom Group during the 1st quarter worth approximately $2,376,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.