Omnicom Group (OMC) Stock Rating Reaffirmed by Wells Fargo & Co

Wells Fargo & Co reissued their market perform rating on shares of Omnicom Group (NYSE:OMC) in a research report report published on Thursday, The Fly reports. The brokerage currently has a $75.00 price objective on the business services provider’s stock, down from their prior price objective of $81.00.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Omnicom Group from a hold rating to a buy rating and set a $83.00 target price for the company in a report on Friday, October 13th. Argus raised shares of Omnicom Group from a hold rating to a buy rating in a report on Tuesday, October 31st. TheStreet cut shares of Omnicom Group from a b- rating to a c+ rating in a report on Tuesday, November 21st. Jefferies Group reaffirmed a hold rating and set a $82.00 target price on shares of Omnicom Group in a report on Thursday, September 21st. Finally, BMO Capital Markets reaffirmed a hold rating and set a $85.00 target price on shares of Omnicom Group in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has a consensus rating of Hold and an average price target of $83.71.

Shares of Omnicom Group (OMC) traded down $1.06 during mid-day trading on Thursday, reaching $74.96. 3,044,400 shares of the company’s stock were exchanged, compared to its average volume of 2,268,761. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $87.43. The stock has a market capitalization of $17,280.73, a PE ratio of 14.93, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were given a $0.60 dividend. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Monday, December 18th. Omnicom Group’s dividend payout ratio is presently 47.81%.

In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of OMC. Security National Bank of Sioux City Iowa IA boosted its position in shares of Omnicom Group by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock worth $983,000 after acquiring an additional 35 shares during the last quarter. Security National Bank of SO Dak boosted its position in shares of Omnicom Group by 1.0% during the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock worth $825,000 after acquiring an additional 100 shares during the last quarter. Zacks Investment Management boosted its position in shares of Omnicom Group by 1.4% during the second quarter. Zacks Investment Management now owns 8,444 shares of the business services provider’s stock worth $700,000 after acquiring an additional 114 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC boosted its position in shares of Omnicom Group by 0.7% during the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 22,684 shares of the business services provider’s stock worth $1,881,000 after acquiring an additional 152 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Omnicom Group by 2.1% during the second quarter. Thrivent Financial For Lutherans now owns 8,820 shares of the business services provider’s stock worth $731,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

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Omnicom Group Company Profile

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.

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