Omnicom Group (NYSE:OMC) Reaches New 52-Week Low at $61.67

Shares of Omnicom Group Inc. (NYSE:OMCGet Rating) hit a new 52-week low on Thursday . The stock traded as low as $61.67 and last traded at $62.25, with a volume of 35136 shares. The stock had previously closed at $63.15.

OMC has been the topic of several recent research reports. Argus raised Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, March 18th. Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating in a report on Thursday. Edward Jones downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $103.00 to $90.00 in a report on Monday, March 14th. Finally, StockNews.com raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.11.

The stock has a market capitalization of $12.80 billion, a P/E ratio of 10.47, a P/E/G ratio of 2.96 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.59. The business has a fifty day moving average price of $74.10 and a 200-day moving average price of $77.02.

Omnicom Group (NYSE:OMCGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.29 billion. Omnicom Group had a return on equity of 37.06% and a net margin of 9.06%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 6.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 10th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Thursday, June 9th. Omnicom Group’s dividend payout ratio is 46.43%.

In other Omnicom Group news, Director Linda Johnson Rice sold 1,900 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $77.88, for a total value of $147,972.00. Following the transaction, the director now owns 9,784 shares of the company’s stock, valued at $761,977.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Clean Yield Group increased its position in Omnicom Group by 150.7% in the fourth quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock worth $25,000 after buying an additional 205 shares in the last quarter. Atlas Capital Advisors LLC grew its position in shares of Omnicom Group by 6,720.0% during the first quarter. Atlas Capital Advisors LLC now owns 341 shares of the business services provider’s stock worth $29,000 after purchasing an additional 336 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Omnicom Group by 705.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock worth $30,000 after purchasing an additional 360 shares in the last quarter. Carl Stuart Investment Advisor Inc. purchased a new stake in shares of Omnicom Group during the first quarter worth about $34,000. Finally, FSB Premier Wealth Management Inc. bought a new position in Omnicom Group during the fourth quarter valued at approximately $37,000. 93.08% of the stock is currently owned by institutional investors.

Omnicom Group Company Profile (NYSE:OMC)

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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