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

Omnicom Group (NYSE:OMC - Free Report) had its target price lifted by Moffett Nathanson from $89.00 to $93.00 in a research note published on Wednesday morning, Benzinga reports. Moffett Nathanson currently has a neutral rating on the business services provider's stock.

OMC has been the subject of a number of other reports. Wells Fargo & Company upgraded Omnicom Group from an equal weight rating to an overweight rating and raised their target price for the company from $91.00 to $106.00 in a report on Wednesday. JPMorgan Chase & Co. raised their target price on Omnicom Group from $104.00 to $108.00 and gave the company an overweight rating in a report on Wednesday. BNP Paribas upgraded Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. Macquarie lifted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Finally, Barclays lifted their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an equal weight rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $103.40.

Omnicom Group Trading Down 1.1 %

Shares of NYSE:OMC traded down $0.98 during midday trading on Wednesday, reaching $91.48. 1,601,483 shares of the company's stock were exchanged, compared to its average volume of 1,637,620. The firm's 50 day simple moving average is $91.35 and its two-hundred day simple moving average is $85.18. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating 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 analysts' expectations of $4 billion. During the same period last year, the business posted $2.09 EPS. Omnicom Group's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group will post 7.73 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group's dividend payout ratio (DPR) is presently 37.84%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its position in Omnicom Group by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider's stock worth $1,084,000 after buying an additional 108 shares during the period. Greenleaf Trust boosted its stake in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider's stock valued at $1,932,000 after buying an additional 119 shares in the last quarter. Cambridge Trust Co. boosted its stake in shares of Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider's stock valued at $258,000 after buying an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Omnicom Group by 2.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider's stock valued at $428,000 after buying an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Company Profile

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.