Omnicom Group (NYSE:OMC) Reaches New 1-Year Low - Should You Sell?

Omnicom Group Inc. (NYSE:OMC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $74.09 and last traded at $76.18, with a volume of 2871879 shares changing hands. The stock had previously closed at $75.86.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OMC shares. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Stock Up 1.7 %

The stock has a 50-day moving average of $78.02 and a 200-day moving average of $87.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.94 and a beta of 0.95.

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, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's payout ratio is presently 38.30%.

Institutional Trading of Omnicom Group

Several large investors have recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA lifted its position in shares of Omnicom Group by 50.1% during the 4th 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 during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Omnicom Group during the fourth quarter worth about $150,819,000. FMR LLC boosted its stake in shares of Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Omnicom Group during the 4th quarter worth approximately $79,321,000. Institutional investors and hedge funds own 91.97% of the company's stock.

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.