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

Shares of Omnicom Group Inc. (NYSE:OMC) have received a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $99.00.

A number of research firms have commented on OMC. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Citigroup reduced their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group began coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Activest Wealth Management grew its holdings in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. Finally, EFG International AG acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $28,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.8%

NYSE:OMC opened at $72.67 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 186.34, a PEG ratio of 0.43 and a beta of 0.64. The firm has a fifty day simple moving average of $75.34 and a two-hundred day simple moving average of $76.76. Omnicom Group has a 12 month low of $66.33 and a 12 month high of $87.17.

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

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 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.