Barclays upgraded shares of Omnicom Group (NYSE:OMC - Free Report) from an equal weight rating to an overweight rating in a research report released on Tuesday, Marketbeat.com reports. They currently have $110.00 price target on the business services provider's stock, up from their previous price target of $100.00.
Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an overweight rating in a research report on Wednesday, April 17th. Moffett Nathanson increased their target price on Omnicom Group from $89.00 to $93.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. UBS Group initiated coverage on Omnicom Group in a research note on Thursday, January 11th. They set a buy rating and a $117.00 price objective for the company. BNP Paribas raised Omnicom Group from a neutral rating to an outperform rating and set a $115.00 target price on the stock in a report on Thursday, March 28th. Finally, Macquarie increased their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $104.40.
Read Our Latest Stock Analysis on OMC
Omnicom Group Stock Performance
Shares of NYSE:OMC traded up $1.53 during trading on Tuesday, reaching $94.72. The company had a trading volume of 1,864,494 shares, compared to its average volume of 1,650,534. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock's fifty day moving average price is $93.01 and its 200 day moving average price is $86.99. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23.
Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Omnicom Group's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 earnings per share. As a group, equities research analysts predict that Omnicom Group will post 7.81 EPS for the current year.
Omnicom Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.96%. Omnicom Group's dividend payout ratio is currently 37.84%.
Insider Activity at Omnicom Group
In related news, Director Linda Johnson Rice sold 453 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Hedge Funds Weigh In On Omnicom Group
Hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Omnicom Group in the 4th quarter worth $26,000. Pinnacle Bancorp Inc. grew its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Omnicom Group in the 4th quarter worth $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Omnicom Group in the 3rd quarter worth $25,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.
About Omnicom Group
(
Get Free Report)
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.
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