Omnicom Group Inc. (NYSE:OMC) Announces $0.70 Quarterly Dividend

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.70 per share by the business services provider on Tuesday, July 9th. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%.

Omnicom Group has increased its dividend by an average of 2.5% annually over the last three years. Omnicom Group has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.37 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 33.5%.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.04 during trading hours on Wednesday, reaching $94.66. The stock had a trading volume of 457,922 shares, compared to its average volume of 1,636,643. The stock’s fifty day simple moving average is $93.12 and its 200 day simple moving average is $87.14. The firm has a market capitalization of $18.54 billion, a PE ratio of 12.80, a PEG ratio of 2.18 and a beta of 0.96. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the business earned $2.09 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Omnicom Group will post 7.81 EPS for the current year.

Insider Activity

In related news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMC. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday, March 28th. UBS Group assumed coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $100.00 to $110.00 in a research note on Tuesday. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Moffett Nathanson boosted their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.40.

About Omnicom Group

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.