Omnicom Group (NYSE:OMC) Hits New 1-Year Low – Here’s Why

Omnicom Group Inc. (NYSE:OMC) reached a new 52-week low on Wednesday . The company traded as low as $80.82 and last traded at $80.71, with a volume of 71151 shares traded. The stock had previously closed at $82.41.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OMC shares. UBS Group lifted their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Down 2.0 %

The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average is $87.58 and its 200-day moving average is $95.85. The company has a market cap of $15.88 billion, a PE ratio of 10.84, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the business posted $2.20 EPS. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is 37.58%.

Hedge Funds Weigh In On Omnicom Group

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock valued at $184,730,000 after buying an additional 1,027,567 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Omnicom Group during the 4th quarter worth approximately $79,321,000. State Street Corp boosted its holdings in Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares during the period. World Investment Advisors LLC grew its position in Omnicom Group by 4,413.3% in the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after acquiring an additional 374,952 shares during the last quarter. Finally, Norges Bank purchased a new stake in Omnicom Group in the fourth quarter worth $23,163,000. Institutional investors own 91.97% of the company’s stock.

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.