Jefferies Group LLC Reiterates Hold Rating for Omnicom Group Inc. (OMC)

Jefferies Group LLC reiterated their hold rating on shares of Omnicom Group Inc. (NYSE:OMC) in a research report sent to investors on Friday, July 14th. They currently have a $82.00 target price on the business services provider’s stock. Jefferies Group also issued estimates for Omnicom Group’s Q2 2017 earnings at $1.40 EPS, Q3 2017 earnings at $1.11 EPS, FY2017 earnings at $5.10 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.70 EPS and FY2018 earnings at $5.40 EPS.

OMC has been the subject of several other reports. Evercore ISI assumed coverage on Omnicom Group in a research note on Monday, April 17th. They set an in-line rating and a $91.00 price objective for the company. They noted that the move was a valuation call. Royal Bank Of Canada restated a buy rating and issued a $101.00 target price on shares of Omnicom Group in a research note on Tuesday, April 11th. Macquarie lowered Omnicom Group from an outperform rating to a neutral rating and lowered their target price for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Zacks Investment Research lowered Omnicom Group from a hold rating to a sell rating in a research note on Friday, April 21st. Finally, Barclays PLC restated a hold rating and issued a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $86.00.

Shares of Omnicom Group (NYSE:OMC) opened at 77.75 on Friday. Omnicom Group has a 1-year low of $77.50 and a 1-year high of $89.66. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 15.70 and a beta of 1.25. The firm’s 50-day moving average is $80.76 and its 200 day moving average is $83.41.

Omnicom Group (NYSE:OMC) last issued its earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.38 by $0.02. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. Omnicom Group’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.36 earnings per share. Equities analysts expect that Omnicom Group will post $5.08 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s payout ratio is 44.44%.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at approximately $3,493,576.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares in the company, valued at approximately $634,835.56. The disclosure for this sale can be found here. Insiders sold a total of 24,183 shares of company stock worth $2,046,845 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock valued at $1,469,108,000 after buying an additional 16,507,161 shares during the period. Vanguard Group Inc. raised its position in Omnicom Group by 0.5% in the second quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock valued at $1,321,951,000 after buying an additional 79,678 shares during the period. First Eagle Investment Management LLC raised its position in Omnicom Group by 2.6% in the second quarter. First Eagle Investment Management LLC now owns 13,429,677 shares of the business services provider’s stock worth $1,113,320,000 after buying an additional 341,406 shares during the last quarter. State Street Corp raised its position in Omnicom Group by 1.2% in the first quarter. State Street Corp now owns 9,865,534 shares of the business services provider’s stock worth $850,497,000 after buying an additional 121,470 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in Omnicom Group by 21.3% in the second quarter. Pzena Investment Management LLC now owns 5,978,986 shares of the business services provider’s stock worth $495,658,000 after buying an additional 1,049,746 shares during the last quarter. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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