Omnicom Group (NYSE:OMC) Given Outperform Rating at Macquarie

Macquarie reissued their outperform rating on shares of Omnicom Group (NYSE:OMC) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $120.00 price target on the business services provider’s stock.

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

Omnicom Group Stock Performance

OMC stock opened at $92.88 on Wednesday. The stock has a market cap of $18.12 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.32 and a beta of 0.94. 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 firm has a 50 day simple moving average of $102.22 and a 200 day simple moving average of $97.32. Omnicom Group has a 52 week low of $82.97 and a 52 week high of $107.00.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, December 20th. Omnicom Group’s payout ratio is presently 38.25%.

Insider Transactions at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OMC. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $33,000. Davis Capital Management bought a new position in Omnicom Group during the 3rd quarter worth about $36,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Omnicom Group during the third quarter worth about $55,000. Institutional investors 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.