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

Omnicom Group Inc. (NYSE:OMC - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $75.95 and last traded at $76.10, with a volume of 441001 shares traded. The stock had previously closed at $79.42.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OMC shares. JPMorgan Chase & Co. cut 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. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Argus lowered 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 assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of "Hold" and an average target price of $104.43.

Omnicom Group Stock Performance

The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $82.08 and a two-hundred day simple moving average of $91.39.

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Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 business earned $2.20 earnings per share. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.98%. Omnicom Group's dividend payout ratio is presently 37.58%.

Institutional Trading of Omnicom Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors LLC increased its position in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock worth $2,720,000 after buying an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in Omnicom Group in the 3rd quarter valued at $713,000. Franklin Resources Inc. raised its position in Omnicom Group by 19.7% in the 3rd 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 during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Omnicom Group by 15.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock worth $32,411,000 after purchasing an additional 50,153 shares during the period. Finally, Arvest Bank Trust Division purchased a new position in Omnicom Group during the 3rd quarter worth $21,191,000. Institutional investors and hedge funds 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.