Omnicom Group (NYSE:OMC) Hits New 1-Year Low – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OMC shares. Barclays cut their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Performance

The stock has a fifty day simple moving average of $87.14 and a 200-day simple moving average of $95.75. The stock has a market cap of $16.09 billion, a P/E ratio of 10.99, a PEG ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the firm earned $2.20 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.42%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group during the 3rd quarter worth approximately $33,000. Finally, HM Payson & Co. raised its stake in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

About Omnicom Group

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.