Omnicom Group (NYSE:OMC) Sets New 12-Month Low - Here's Why

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $69.58 and last traded at $70.29, with a volume of 4206357 shares trading hands. The stock had previously closed at $71.55.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OMC. UBS Group reduced their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. 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 research note on Monday, January 27th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $104.43.

Omnicom Group Trading Up 2.1 %

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a fifty day moving average of $80.50 and a 200-day moving average of $90.29. The company has a market cap of $15.18 billion, a PE ratio of 10.37, a PEG ratio of 1.94 and a beta of 0.87.

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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 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 period in the prior year, the firm posted $2.20 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.63%. Omnicom Group's payout ratio is currently 37.58%.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC grew its holdings in Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after acquiring an additional 17,815 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after purchasing an additional 38,022 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Omnicom Group by 15.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock valued at $32,411,000 after buying an additional 50,153 shares during the period. Arvest Bank Trust Division bought a new position in Omnicom Group in the third quarter worth approximately $21,191,000. Finally, Avanza Fonder AB bought a new position in Omnicom Group in the fourth quarter worth approximately $1,544,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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.