Omnicom Group Inc. (NYSE:OMC) Plans Quarterly Dividend of $0.80

Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Wednesday, November 26th. Investors of record on Friday, December 19th will be given a dividend of 0.80 per share by the business services provider on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, December 19th. This is a 14.3% increase from Omnicom Group’s previous quarterly dividend of $0.70.

Omnicom Group has raised its dividend payment by an average of 0.0%annually over the last three years. Omnicom Group has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.95 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 31.3%.

Omnicom Group Stock Down 2.0%

OMC stock traded down $1.46 during mid-day trading on Thursday, hitting $71.39. 11,208,713 shares of the company were exchanged, compared to its average volume of 3,678,473. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $105.99. The firm’s 50 day simple moving average is $76.04 and its 200 day simple moving average is $74.92. The firm has a market cap of $13.78 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 EPS. On average, sell-side analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OMC. Asset Management One Co. Ltd. increased its stake in Omnicom Group by 3.5% in the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock valued at $6,067,000 after purchasing an additional 2,855 shares in the last quarter. Defender Capital LLC. bought a new position in shares of Omnicom Group during the 2nd quarter worth about $360,000. Vanguard Group Inc. grew its stake in shares of Omnicom Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after buying an additional 344,652 shares during the period. J2 Capital Management Inc bought a new stake in Omnicom Group in the 2nd quarter valued at about $383,000. Finally, Goldman Sachs Group Inc. raised its stake in Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after buying an additional 887,415 shares during the period. 91.97% of the stock is owned by institutional investors.

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.