Omnicom Group’s (OMC) “Outperform” Rating Reiterated at Macquarie

Macquarie reissued their outperform rating on shares of Omnicom Group (NYSE:OMC) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $120.00 target price on the business services provider’s stock.

OMC has been the subject of a number of other reports. Bank of America upped their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays upped their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.89.

Omnicom Group Stock Up 0.2 %

Omnicom Group stock opened at $90.32 on Wednesday. The business’s 50-day simple moving average is $101.58 and its two-hundred day simple moving average is $97.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market cap of $17.62 billion, a PE ratio of 12.34, a PEG ratio of 2.07 and a beta of 0.94. Omnicom Group has a fifty-two week low of $83.65 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $1.86 EPS. Equities analysts anticipate that Omnicom Group will post 7.92 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Insider Buying and Selling

In related news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were 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 of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Omnicom Group

A number of hedge funds have recently made changes to their positions in OMC. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the second quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter valued at $33,000. Davis Capital Management acquired a new stake in Omnicom Group during the 3rd quarter worth $36,000. HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Omnicom Group by 66.3% in the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after buying an additional 224 shares during the last quarter. 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.