Omnicom Group Inc. (NYSE:OMC) – Investment analysts at Jefferies Group boosted their Q3 2018 earnings per share (EPS) estimates for Omnicom Group in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the business services provider will earn $1.21 per share for the quarter, up from their previous forecast of $1.19. Jefferies Group currently has a “Hold” rating and a $82.00 target price on the stock. Jefferies Group also issued estimates for Omnicom Group’s FY2018 earnings at $5.41 EPS.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday, September 13th. Citigroup Inc. upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.92.

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Omnicom Group (NYSE OMC) traded down 0.38% during mid-day trading on Wednesday, reaching $74.17. 1,019,397 shares of the company were exchanged. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.98 and a beta of 1.28. The company has a 50 day moving average of $73.91 and a 200-day moving average of $80.16. Omnicom Group has a 1-year low of $71.63 and a 1-year high of $89.66.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 21st. Omnicom Group’s dividend payout ratio is presently 44.44%.

In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the stock in a transaction that occurred 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 approximately $634,835.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in OMC. Victory Capital Management Inc. increased its position in shares of Omnicom Group by 29.7% in the 1st quarter. Victory Capital Management Inc. now owns 23,567 shares of the business services provider’s stock valued at $2,032,000 after purchasing an additional 5,398 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of Omnicom Group by 55.2% in the 1st quarter. Westpac Banking Corp now owns 229,653 shares of the business services provider’s stock valued at $19,114,000 after buying an additional 81,677 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of Omnicom Group by 2.9% in the 1st quarter. Argent Capital Management LLC now owns 4,590 shares of the business services provider’s stock valued at $396,000 after buying an additional 130 shares in the last quarter. Burney Co. boosted its holdings in shares of Omnicom Group by 1.5% in the 1st quarter. Burney Co. now owns 148,818 shares of the business services provider’s stock valued at $12,830,000 after buying an additional 2,142 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Omnicom Group by 7.1% in the 1st quarter. Van ECK Associates Corp now owns 3,974 shares of the business services provider’s stock valued at $343,000 after buying an additional 262 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

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.

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

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