Analysts Set Omnicom Group Inc. (NYSE:OMC) PT at $110.00

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $110.00.

OMC has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th.

Insider Activity at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its position in Omnicom Group by 8.1% during the 4th quarter. Diversified Trust Co now owns 42,385 shares of the business services provider’s stock worth $3,647,000 after buying an additional 3,190 shares in the last quarter. Fortem Financial Group LLC raised its stake in shares of Omnicom Group by 2.0% in the fourth quarter. Fortem Financial Group LLC now owns 31,940 shares of the business services provider’s stock worth $2,748,000 after acquiring an additional 611 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Omnicom Group by 0.6% in the third quarter. Tidal Investments LLC now owns 34,307 shares of the business services provider’s stock valued at $3,547,000 after purchasing an additional 195 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.6 %

OMC stock opened at $84.08 on Tuesday. The company has a 50 day moving average of $95.58 and a two-hundred day moving average of $96.67. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group has a 12-month low of $83.18 and a 12-month high of $107.00. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.07 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $1.86 earnings per share. On average, equities analysts anticipate that Omnicom Group will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s payout ratio is presently 38.25%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.