Omnicom Group Inc. (NYSE:OMC) Announces Quarterly Dividend of $0.70

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.70 per share by the business services provider on Friday, October 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, September 20th.

Omnicom Group has raised its dividend payment by an average of 2.5% annually over the last three years. Omnicom Group has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $8.44 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 33.2%.

Omnicom Group Trading Up 0.6 %

Shares of OMC stock opened at $101.73 on Wednesday. The business has a 50-day moving average of $95.88 and a 200 day moving average of $93.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group has a 1-year low of $72.20 and a 1-year high of $102.75. The stock has a market capitalization of $19.92 billion, a PE ratio of 13.75, a P/E/G ratio of 2.27 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omnicom Group will post 7.95 earnings per share for the current year.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Macquarie restated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. UBS Group raised their target price on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Bank of America increased their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Omnicom Group Company Profile

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.