Omnicom Group Inc. (NYSE:OMC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $101.29.
Several brokerages recently commented on OMC. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reaffirmed a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company reduced their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.
Read Our Latest Stock Analysis on Omnicom Group
Omnicom Group Trading Down 1.4%
NYSE:OMC opened at $70.20 on Friday. Omnicom Group has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm's fifty day moving average is $74.68 and its 200-day moving average is $82.98. The firm has a market cap of $13.70 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.94 and a beta of 0.93.
Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities analysts expect that Omnicom Group will post 8.25 earnings per share for the current year.
Omnicom Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is presently 38.30%.
Hedge Funds Weigh In On Omnicom Group
Several large investors have recently added to or reduced their stakes in OMC. Pacer Advisors Inc. raised its stake in shares of Omnicom Group by 17,506.1% in the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock worth $227,512,000 after purchasing an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after buying an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Omnicom Group in the 4th quarter valued at $150,819,000. FMR LLC lifted its stake in Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after acquiring an additional 1,436,231 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Omnicom Group by 44.5% during the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock valued at $323,040,000 after acquiring an additional 1,199,725 shares in the last quarter. Institutional investors own 91.97% of the company's stock.
About Omnicom Group
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Get Free ReportOmnicom 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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