Omnicom Group Inc. (NYSE:OMC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Omnicom Group Inc. has received a consensus recommendation of "Moderate Buy" from eight analysts, with an average 12-month price target of $94.43.
• The company's stock has declined by 0.9%, opening at $77.14, while it has experienced a one-year low of $68.37 and a high of $107.00.
• Omnicom recently announced a quarterly dividend of $0.70 to be paid on October 10th, representing an annualized dividend yield of 3.6%.

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $94.4286.

OMC has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Finally, Wells Fargo & Company cut their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th.

Omnicom Group Stock Down 0.9%

NYSE OMC opened at $77.14 on Friday. The business has a fifty day moving average price of $75.31 and a 200 day moving average price of $75.56. Omnicom Group has a one year low of $68.37 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $14.94 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.54 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm's revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Omnicom Group's dividend payout ratio (DPR) is 40.17%.

Institutional Trading of Omnicom Group

A number of hedge funds and other institutional investors have recently modified their holdings of OMC. Ameriprise Financial Inc. increased its position in shares of Omnicom Group by 2.2% during the 4th quarter. Ameriprise Financial Inc. now owns 145,652 shares of the business services provider's stock worth $12,550,000 after purchasing an additional 3,068 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Omnicom Group by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 40,255 shares of the business services provider's stock valued at $3,464,000 after acquiring an additional 995 shares in the last quarter. Focus Partners Wealth grew its position in Omnicom Group by 46.8% in the 4th quarter. Focus Partners Wealth now owns 7,523 shares of the business services provider's stock valued at $650,000 after acquiring an additional 2,400 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Omnicom Group by 1.9% in the 4th quarter. Janus Henderson Group PLC now owns 24,094 shares of the business services provider's stock valued at $2,074,000 after buying an additional 447 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Omnicom Group by 19.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,220 shares of the business services provider's stock valued at $707,000 after buying an additional 1,363 shares during the period. 91.97% of the stock is 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.

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