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

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $81.42 and last traded at $82.24, with a volume of 296732 shares changing hands. The stock had previously closed at $82.07.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OMC shares. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays raised their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $110.00.

Omnicom Group Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market cap of $16.22 billion, a P/E ratio of 11.36, a PEG ratio of 2.03 and a beta of 0.94. The stock's 50-day simple moving average is $95.20 and its two-hundred day simple moving average is $96.72.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the prior year, the firm earned $1.86 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.37%. Omnicom Group's dividend payout ratio is currently 38.25%.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Institutional Trading of Omnicom Group

A number of large investors have recently modified their holdings of OMC. State Street Corp boosted its stake in Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock valued at $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. Geode Capital Management LLC lifted its position in Omnicom Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock valued at $525,960,000 after purchasing an additional 72,447 shares during the period. Dimensional Fund Advisors LP increased its holdings in Omnicom Group by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock valued at $205,682,000 after buying an additional 364,665 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Omnicom Group by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider's stock worth $127,398,000 after purchasing an additional 81,598 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Omnicom Group by 0.3% during the 2nd quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider's stock worth $89,517,000 after purchasing an additional 2,797 shares in the last quarter. Hedge funds and other 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.