Omnicom Group (NYSE:OMC) Hits New 52-Week Low – Time to Sell?

Omnicom Group Inc. (NYSE:OMC) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $79.54 and last traded at $79.67, with a volume of 523998 shares changing hands. The stock had previously closed at $82.51.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of research reports. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays dropped their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on 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, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

The stock’s 50 day moving average price is $84.35 and its 200 day moving average price is $94.13. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period in the previous year, the company posted $2.20 EPS. Analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Omnicom Group’s dividend payout ratio is 37.58%.

Hedge Funds Weigh In On Omnicom Group

Several large investors have recently modified their holdings of the business. Summit Trail Advisors LLC raised its stake in shares of Omnicom Group by 1.8% during the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 113 shares during the last quarter. Metis Global Partners LLC raised its stake in Omnicom Group by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock worth $652,000 after buying an additional 120 shares during the last quarter. Sompo Asset Management Co. Ltd. raised its stake in Omnicom Group by 3.5% during the third quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider’s stock worth $400,000 after buying an additional 130 shares during the last quarter. Center For Asset Management LLC raised its stake in Omnicom Group by 3.3% during the fourth quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock worth $389,000 after buying an additional 146 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares during the last quarter. 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.