Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Monday, July 15th, RTT News reports. Investors of record on Friday, September 20th will be paid a dividend of 0.65 per share by the business services provider on Thursday, October 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.09%.
Omnicom Group has increased its dividend by an average of 6.3% annually over the last three years and has raised its dividend every year for the last 9 years. Omnicom Group has a dividend payout ratio of 46.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $6.28 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 41.4%.
OMC stock opened at $84.02 on Wednesday. The company’s 50-day moving average price is $81.10. The company has a market capitalization of $18.49 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.79. Omnicom Group has a 52-week low of $65.85 and a 52-week high of $85.05.
Several analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Omnicom Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $88.00 to $86.00 in a report on Sunday. Barclays set a $24.00 price objective on shares of Tenet Healthcare and gave the company a “hold” rating in a research note on Wednesday, April 17th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.88.
In other Omnicom Group news, Chairman John Wren sold 60,541 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $79.84, for a total transaction of $4,833,593.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan B. Nelson sold 4,916 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $84.22, for a total transaction of $414,025.52. Following the sale, the chief executive officer now directly owns 83,858 shares in the company, valued at $7,062,520.76. The disclosure for this sale can be found here. Insiders sold a total of 70,354 shares of company stock valued at $5,642,219 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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