Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 13th, RTT News reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.55 per share by the business services provider on Tuesday, October 10th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 21st.

Omnicom Group has raised its dividend payment by an average of 20.5% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Omnicom Group has a dividend payout ratio of 43.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Omnicom Group to earn $5.43 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 40.5%.

Omnicom Group (NYSE:OMC) opened at 79.06 on Tuesday. Omnicom Group has a 12 month low of $77.50 and a 12 month high of $89.66. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 15.97 and a beta of 1.25. The firm has a 50 day moving average price of $81.66 and a 200-day moving average price of $83.74.

Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group will post $5.08 EPS for the current year.

In related news, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares of the company’s stock, valued at approximately $8,936,777.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the sale, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Insiders have sold a total of 24,183 shares of company stock valued at $2,046,845 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

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Several brokerages recently weighed in on OMC. Evercore ISI initiated coverage on Omnicom Group in a research note on Monday, April 17th. They set an “in-line” rating and a $91.00 target price for the company. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “buy” rating and issued a $101.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 11th. Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Barclays PLC reiterated a “hold” rating and issued a $86.00 price objective on shares of Omnicom Group in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

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.

Dividend History for Omnicom Group (NYSE:OMC)

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