Omnicom Group Inc. (NYSE:OMC) Receives $99.38 Consensus PT from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $99.3750.

OMC has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. Citigroup decreased their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Finally, Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Omnicom Group by 155.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after purchasing an additional 55,421 shares during the period. AIA Group Ltd purchased a new position in Omnicom Group during the 3rd quarter worth $1,376,000. Deprince Race & Zollo Inc. raised its position in Omnicom Group by 34.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock worth $42,316,000 after buying an additional 133,093 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Omnicom Group by 2,103.2% in the 4th quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after acquiring an additional 392,392 shares during the period. Finally, LBP AM SA boosted its holdings in shares of Omnicom Group by 24.2% in the fourth quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock valued at $12,086,000 after acquiring an additional 29,195 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Down 2.9%

NYSE:OMC opened at $81.72 on Friday. The firm has a market cap of $23.29 billion, a PE ratio of 209.53, a price-to-earnings-growth ratio of 0.49 and a beta of 0.63. The stock has a fifty day moving average price of $75.79 and a 200 day moving average price of $76.81. Omnicom Group has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.Omnicom Group’s revenue was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 EPS. Sell-side analysts anticipate that Omnicom Group will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is 820.51%.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.