Omnicom Group Inc. (NYSE:OMC) Given Average Rating of "Moderate Buy" by Analysts

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $110.00.

Several equities analysts have recently weighed in on OMC shares. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Macquarie reiterated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays increased their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th.

Omnicom Group Stock Down 0.6 %

Omnicom Group stock traded down $0.50 on Tuesday, hitting $84.60. 2,379,952 shares of the stock traded hands, compared to its average volume of 1,979,138. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The business's fifty day simple moving average is $96.62 and its 200 day simple moving average is $96.89. The firm has a market cap of $16.51 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. Omnicom Group has a 1 year low of $84.04 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.79 billion. During the same period in the previous year, the firm posted $1.86 EPS. As a group, sell-side analysts forecast that Omnicom Group will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders 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 yield of 3.31%. The ex-dividend date is Friday, December 20th. Omnicom Group's dividend payout ratio is presently 38.25%.

Insider Activity

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on 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 directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the 3rd quarter valued at approximately $33,000. Davis Capital Management bought a new position in shares of Omnicom Group during the 3rd quarter valued at approximately $36,000. HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Omnicom Group in the third quarter worth $55,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

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.