Omnicom Group (NYSE:OMC) PT Raised to $118.00

by · The Cerbat Gem

Omnicom Group (NYSE:OMC – Free Report) had its price objective increased by JPMorgan Chase & Co. from $106.00 to $118.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. Bank of America raised their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an underperform rating in a report on Thursday, September 5th. Macquarie reiterated an outperform rating and set a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group raised their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a buy rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $107.30.

Get Our Latest Report on Omnicom Group

Omnicom Group Stock Performance

Shares of OMC opened at $101.55 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $98.40 and a 200-day moving average price of $94.68. The company has a market cap of $19.89 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94. Omnicom Group has a 12-month low of $72.62 and a 12-month high of $104.80.

Omnicom Group (NYSE:OMC – Get Free Report) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, equities analysts forecast that Omnicom Group will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.76%. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Trading of Omnicom Group

Hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. increased its stake in shares of Omnicom Group by 319.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after purchasing an additional 1,104,566 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Omnicom Group in the 4th quarter worth $93,634,000. Bank of New York Mellon Corp increased its stake in Omnicom Group by 37.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after buying an additional 892,494 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Omnicom Group during the second quarter valued at about $56,177,000. Finally, Morningstar Investment Services LLC lifted its position in shares of Omnicom Group by 98.7% in the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after acquiring an additional 595,746 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

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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.

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