Omnicom Group Inc. (NYSE:OMC) Given Average Recommendation of “Hold” by Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $104.43.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. UBS Group dropped 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 report on Thursday, March 20th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut their target price 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 $80.24 on Friday. Omnicom Group has a 12 month low of $78.69 and a 12 month high of $107.00. The company’s fifty day simple moving average is $83.24 and its 200-day simple moving average is $92.47. The firm has a market cap of $15.77 billion, a PE ratio of 10.77, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $2.20 EPS. Equities research analysts expect that Omnicom Group will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.49%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group in the fourth quarter valued at about $150,819,000. FMR LLC boosted its position in shares of Omnicom Group by 250.1% in the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock valued at $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after acquiring an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Omnicom Group in the 4th quarter worth about $79,321,000. Institutional investors own 91.97% of the company’s stock.

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.