Omnicom Group (NYSE:OMC) Shares Gap Down - Time to Sell?

Omnicom Group Inc. (NYSE:OMC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $74.66, but opened at $72.58. Omnicom Group shares last traded at $73.27, with a volume of 677,205 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup restated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.29.

Omnicom Group Stock Down 0.9%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The firm's fifty day simple moving average is $73.29 and its 200 day simple moving average is $78.53. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.62 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors have recently bought and sold shares of OMC. Pacer Advisors Inc. increased its position 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 valued at $227,512,000 after acquiring an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after purchasing an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Omnicom Group in the fourth quarter valued at approximately $150,819,000. FMR LLC increased its position in shares of Omnicom Group by 250.1% during the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock worth $172,987,000 after purchasing an additional 1,436,231 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of 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 worth $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Company Profile

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.