Analysts Set Omnicom Group Inc. (NYSE:OMC) PT at $110.00

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $110.00.

OMC has been the subject of several research reports. UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays boosted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th.

Insider Activity at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of 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 worth $1,468,615,000 after acquiring an additional 759,980 shares during the period. Geode Capital Management LLC grew its position in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the period. Dimensional Fund Advisors LP raised its stake in Omnicom Group by 18.9% during the 2nd 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 during the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 valued at $127,398,000 after buying an additional 81,598 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Omnicom Group by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider’s stock worth $89,517,000 after buying an additional 2,797 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC opened at $83.13 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $94.82 and its 200 day simple moving average is $96.68. The stock has a market cap of $16.22 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. Omnicom Group has a twelve month low of $81.42 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $1.86 EPS. As a group, research analysts predict that Omnicom Group will post 7.94 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. 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 payout ratio is currently 38.25%.

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.