Omnicom Group Inc. (NYSE:OMC) – Research analysts at Jefferies Group lifted their Q3 2016 EPS estimates for shares of Omnicom Group in a report released on Monday. Jefferies Group analyst J. Janedis now expects that the firm will post earnings of $1.04 per share for the quarter, up from their prior forecast of $1.03.

Earnings History and Estimates for Omnicom Group (NYSE:OMC)

A number of other equities research analysts also recently weighed in on the stock. RBC Capital Markets reissued a “hold” rating and set a $87.00 price target on shares of Omnicom Group in a research note on Sunday. Royal Bank Of Canada initiated coverage on shares of Omnicom Group in a research note on Friday, October 7th. They issued a “sector perform” rating and a $87.00 target price for the company. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, October 6th. Credit Suisse Group AG initiated coverage on shares of Omnicom Group in a research note on Thursday, September 15th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Telsey Advisory Group upped their target price on shares of Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a research note on Wednesday, July 20th. Twelve analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.64.

Omnicom Group (NYSE:OMC) traded up 0.9705% on Wednesday, hitting $82.7352. 474,081 shares of the stock were exchanged. The stock has a market capitalization of $19.57 billion, a P/E ratio of 18.0961 and a beta of 1.35. The company has a 50 day moving average of $84.58 and a 200 day moving average of $83.42. Omnicom Group has a one year low of $66.48 and a one year high of $87.50.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 10th. Investors of record on Thursday, September 22nd were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, September 20th. Omnicom Group’s payout ratio is 48.04%.

In related news, Director Linda Johnson Rice sold 824 shares of the stock in a transaction on Tuesday, August 16th. The shares were 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 $2,573,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in OMC. Massachusetts Financial Services Co. MA boosted its stake in shares of Omnicom Group by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,329,016 shares of the company’s stock worth $1,575,121,000 after buying an additional 71,883 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Omnicom Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 15,401,243 shares of the company’s stock worth $1,255,047,000 after buying an additional 230,642 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Omnicom Group by 0.9% in the second quarter. First Eagle Investment Management LLC now owns 12,838,283 shares of the company’s stock worth $1,046,192,000 after buying an additional 113,555 shares in the last quarter. American International Group Inc. boosted its stake in shares of Omnicom Group by 4.9% in the second quarter. American International Group Inc. now owns 5,373,920 shares of the company’s stock worth $437,921,000 after buying an additional 253,058 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Omnicom Group by 11.6% in the second quarter. Mackenzie Financial Corp now owns 4,021,970 shares of the company’s stock worth $327,750,000 after buying an additional 417,049 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Omnicom Group

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.

5 Day Chart for NYSE:OMC

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