Omnicom Group (NYSE:OMC) Hits New 1-Year Low - Here's What Happened

Omnicom Group Inc. (NYSE:OMC - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $79.54 and last traded at $79.67, with a volume of 523998 shares traded. The stock had previously closed at $82.51.

Wall Street Analyst Weigh In

A number of research firms recently commented on OMC. Macquarie restated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.25.

Omnicom Group Stock Performance

The stock has a 50 day moving average price of $83.98 and a two-hundred day moving average price of $93.77. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.94 and a beta of 0.98.

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Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company posted $2.20 EPS. Analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

Institutional Trading of Omnicom Group

Several hedge funds have recently added to or reduced their stakes in the business. Aegis Wealth Management LLC acquired a new stake in Omnicom Group during the 4th quarter worth $275,000. Siemens Fonds Invest GmbH raised its stake in Omnicom Group by 30.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 2,893 shares of the business services provider's stock worth $249,000 after buying an additional 679 shares during the period. Park Square Financial Group LLC acquired a new stake in Omnicom Group during the 4th quarter worth $74,000. Total Wealth Planning & Management Inc. acquired a new stake in Omnicom Group during the 4th quarter worth $938,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Omnicom Group during the 4th quarter worth $12,848,000. Institutional investors and hedge funds 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.