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Omnicom Group Inc. (NYSE:OMC) Given Average Rating of "Hold" by Analysts

Defense World · Oct 5, 2022 02:11

Shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) have received a consensus recommendation of "Hold" from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $83.22.

OMC has been the subject of several research analyst reports. Exane BNP Paribas initiated coverage on shares of Omnicom Group in a research note on Thursday, August 25th. They issued an "underperform" rating for the company. ING Group initiated coverage on shares of Omnicom Group in a research note on Thursday, September 8th. They issued a "buy" rating for the company. They noted that the move was a valuation call. Edward Jones downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 14th. Redburn Partners restated a "neutral" rating on shares of Omnicom Group in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $96.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, July 8th.

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Insider Activity at Omnicom Group

In related news, VP Michael J. Obrien sold 18,000 shares of the firm's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $70.47, for a total value of $1,268,460.00. Following the completion of the sale, the vice president now owns 131,118 shares in the company, valued at $9,239,885.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OMC. LPL Financial LLC increased its holdings in Omnicom Group by 9.6% in the fourth quarter. LPL Financial LLC now owns 119,260 shares of the business services provider's stock valued at $8,738,000 after buying an additional 10,444 shares in the last quarter. CIBC World Markets Inc. increased its holdings in Omnicom Group by 3.0% in the fourth quarter. CIBC World Markets Inc. now owns 25,352 shares of the business services provider's stock valued at $1,858,000 after buying an additional 732 shares in the last quarter. MML Investors Services LLC increased its holdings in Omnicom Group by 35.4% in the fourth quarter. MML Investors Services LLC now owns 32,741 shares of the business services provider's stock valued at $2,399,000 after buying an additional 8,556 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Omnicom Group by 173.9% during the 4th quarter. Marshall Wace LLP now owns 835,595 shares of the business services provider's stock worth $61,224,000 after purchasing an additional 530,470 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Omnicom Group by 230.2% during the 4th quarter. Mackenzie Financial Corp now owns 182,702 shares of the business services provider's stock worth $13,387,000 after purchasing an additional 127,376 shares in the last quarter. 90.85% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

NYSE:OMC opened at $66.88 on Wednesday. The firm has a market capitalization of $13.70 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 3.98 and a beta of 0.83. The business's fifty day moving average price is $68.35 and its 200 day moving average price is $71.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.95 and a quick ratio of 0.85. Omnicom Group has a 12 month low of $61.31 and a 12 month high of $91.61.

Omnicom Group (NYSE:OMC – Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.12. Omnicom Group had a net margin of 9.07% and a return on equity of 39.15%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Omnicom Group's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group will post 6.37 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.19%. Omnicom Group's payout ratio is currently 45.83%.

Omnicom Group Company Profile

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Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.