Omnicom Group Inc. (NYSE:OMC) Given Average Rating of “Hold” by Brokerages

Posted by Defense World Staff on May 18th, 2023

Omnicom Group Inc. (NYSE:OMC – Get Rating) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $99.86.

Several research firms have recently commented on OMC. StockNews.com assumed coverage on Omnicom Group in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. BNP Paribas upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $96.00 target price on the stock in a research report on Wednesday, March 29th. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Barclays increased their price target on Omnicom Group from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. Finally, Macquarie increased their price target on Omnicom Group from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 19th.

Omnicom Group Price Performance

Shares of OMC opened at $92.93 on Thursday. The firm has a market capitalization of $18.54 billion, a PE ratio of 13.97, a PEG ratio of 2.67 and a beta of 0.83. The company’s 50-day moving average is $91.12 and its 200-day moving average is $85.87. Omnicom Group has a fifty-two week low of $61.31 and a fifty-two week high of $96.78. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.96 and a quick ratio of 0.85.

Omnicom Group (NYSE:OMC – Get Rating) last issued its quarterly earnings data on Tuesday, April 18th. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.18. Omnicom Group had a net margin of 9.57% and a return on equity of 41.72%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Omnicom Group will post 7.38 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 9th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, June 8th. Omnicom Group’s dividend payout ratio is presently 42.11%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, CEO John Wren sold 100,000 shares of Omnicom Group stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $93.84, for a total value of $9,384,000.00. Following the transaction, the chief executive officer now owns 328,448 shares in the company, valued at $30,821,560.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Omnicom Group news, Director Linda Johnson Rice sold 1,700 shares of the stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $89.75, for a total value of $152,575.00. Following the completion of the transaction, the director now directly owns 9,527 shares in the company, valued at $855,048.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Wren sold 100,000 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $93.84, for a total value of $9,384,000.00. Following the completion of the transaction, the chief executive officer now owns 328,448 shares of the company’s stock, valued at $30,821,560.32. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ten Capital Wealth Advisors LLC bought a new stake in shares of Omnicom Group in the 1st quarter valued at about $27,000. Romano Brothers AND Company acquired a new position in shares of Omnicom Group in the 4th quarter worth approximately $31,000. Carolinas Wealth Consulting LLC lifted its position in shares of Omnicom Group by 1,805.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after purchasing an additional 307 shares during the period. Financial Management Professionals Inc. lifted its position in shares of Omnicom Group by 453.6% in the 1st quarter. Financial Management Professionals Inc. now owns 382 shares of the business services provider’s stock worth $36,000 after purchasing an additional 313 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Omnicom Group by 80.1% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 389 shares of the business services provider’s stock worth $37,000 after purchasing an additional 173 shares during the period. 90.20% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Company Profile

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Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.