Omnicom Group Inc. (NYSE:OMC) Receives $105.75 Average PT from Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $105.75.

A number of research firms recently issued reports on OMC. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th.

Omnicom Group Stock Performance

Shares of OMC stock opened at $80.38 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group has a 52 week low of $78.69 and a 52 week high of $107.00. The company’s 50 day moving average price is $83.53 and its two-hundred day moving average price is $92.81. The company has a market capitalization of $15.79 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the company posted $2.20 EPS. On average, analysts expect that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is presently 37.58%.

Hedge Funds Weigh In On Omnicom Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors LLC grew its stake in Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $713,000. Thrivent Financial for Lutherans increased its stake in shares of Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after purchasing an additional 8,643 shares during the period. Franklin Resources Inc. lifted its holdings in Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after purchasing an additional 50,153 shares during the period. 91.97% of the stock is owned by institutional investors.

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.