Omnicom Group’s (OMC) “Hold” Rating Reaffirmed at RBC Capital Markets
Omnicom Group Inc. (NYSE:OMC)‘s stock had its “hold” rating reissued by analysts at RBC Capital Markets in a research report issued to clients and investors on Sunday. They currently have a $87.00 target price on the stock. RBC Capital Markets’ target price suggests a potential upside of 5.79% from the stock’s current price.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a research report on Sunday, July 17th. Albert Fried & Company reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Thursday, July 14th. Telsey Advisory Group raised their target price on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 20th. Finally, Credit Suisse Group AG started coverage on Omnicom Group in a research report on Thursday, September 15th. They set a “neutral” rating and a $83.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.64.
Omnicom Group (NYSE:OMC) traded down 0.99% on Friday, hitting $82.24. The stock had a trading volume of 1,837,949 shares. Omnicom Group has a 52 week low of $66.48 and a 52 week high of $87.50. The company has a 50-day moving average price of $84.69 and a 200-day moving average price of $83.39. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 17.99 and a beta of 1.35.
Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.03. The business earned $3.88 billion during the quarter, compared to analyst estimates of $3.91 billion. Omnicom Group had a return on equity of 38.56% and a net margin of 7.26%. Omnicom Group’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. Equities research analysts anticipate that Omnicom Group will post $4.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.20 dividend on an annualized basis and a yield of 2.68%. Omnicom Group’s dividend payout ratio (DPR) is currently 48.04%.
In other Omnicom Group news, Director Linda Johnson Rice sold 824 shares of Omnicom Group stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the transaction, the director now owns 30,440 shares in the company, valued at approximately $2,573,702. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its position in Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 31 shares during the period. Dowling & Yahnke LLC increased its position in Omnicom Group by 1.3% in the second quarter. Dowling & Yahnke LLC now owns 4,243 shares of the company’s stock worth $346,000 after buying an additional 53 shares during the period. Nippon Life Insurance Co. increased its position in Omnicom Group by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 20,905 shares of the company’s stock worth $1,704,000 after buying an additional 54 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Omnicom Group by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,086 shares of the company’s stock worth $446,000 after buying an additional 66 shares during the period. Finally, Trust Department MB Financial Bank N A increased its position in Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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