Omnicom Group Inc. (NYSE:OMC) Declares $0.70 Quarterly Dividend

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.70 per share by the business services provider on Friday, January 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, December 20th.

Omnicom Group has raised its dividend by an average of 2.5% per year over the last three years. Omnicom Group has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $8.44 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 33.2%.

Omnicom Group Price Performance

Shares of OMC opened at $88.96 on Wednesday. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 2.07 and a beta of 0.94. The firm’s fifty day simple moving average is $101.13 and its 200-day simple moving average is $97.25. Omnicom Group has a twelve month low of $84.43 and a twelve month high of $107.00. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the firm earned $1.86 earnings per share. Equities analysts forecast that Omnicom Group will post 7.92 EPS for the current fiscal year.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OMC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.00.

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.