Omnicom Group (NYSE:OMC) Raised to "Overweight" at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Omnicom Group (NYSE:OMC - Free Report) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have $106.00 price objective on the business services provider's stock, up from their previous price objective of $91.00.

Other equities research analysts have also recently issued reports about the stock. Macquarie raised their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an outperform rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $106.00 to $104.00 and set an overweight rating for the company in a research report on Wednesday, February 7th. StockNews.com raised Omnicom Group from a hold rating to a buy rating in a report on Thursday, April 4th. BNP Paribas upgraded shares of Omnicom Group from a neutral rating to an outperform rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Finally, UBS Group assumed coverage on Omnicom Group in a research report on Thursday, January 11th. They set a buy rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of Moderate Buy and an average price target of $104.56.

Omnicom Group Stock Performance

OMC traded up $1.49 during trading on Wednesday, hitting $92.45. The stock had a trading volume of 3,462,323 shares, compared to its average volume of 1,638,108. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The firm has a market capitalization of $18.23 billion, a P/E ratio of 13.36, a PEG ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The company's 50-day moving average price is $91.13 and its 200 day moving average price is $85.09.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.58 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. On average, equities research analysts forecast that Omnicom Group will post 7.73 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group's dividend payout ratio is presently 40.46%.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 507 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company's stock, valued at approximately $845,194.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Occidental Asset Management LLC raised its holdings in shares of Omnicom Group by 70.8% during the first quarter. Occidental Asset Management LLC now owns 23,579 shares of the business services provider's stock valued at $2,282,000 after acquiring an additional 9,777 shares during the period. Hennessy Advisors Inc. acquired a new stake in Omnicom Group during the 1st quarter valued at $2,990,000. Chesley Taft & Associates LLC lifted its holdings in shares of Omnicom Group by 35.0% in the first quarter. Chesley Taft & Associates LLC now owns 19,500 shares of the business services provider's stock valued at $1,887,000 after purchasing an additional 5,060 shares in the last quarter. Atlas Capital Advisors LLC boosted its position in shares of Omnicom Group by 40.0% in the first quarter. Atlas Capital Advisors LLC now owns 4,689 shares of the business services provider's stock worth $454,000 after buying an additional 1,339 shares during the period. Finally, Affinity Capital Advisors LLC purchased a new position in shares of Omnicom Group during the first quarter valued at $209,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.