Omnicom Group Inc. (OMC) To Go Ex-Dividend on June 10th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Shareholders of record on Monday, June 10th will be paid a dividend of 0.70 per share by the business services provider on Tuesday, July 9th. This represents a $2.80 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, June 10th.

Omnicom Group has increased its dividend by an average of 2.5% annually over the last three years. Omnicom Group has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.37 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 33.5%.

Omnicom Group Stock Up 0.4 %

Shares of NYSE:OMC opened at $95.08 on Thursday. The firm has a 50 day simple moving average of $93.12 and a 200-day simple moving average of $87.14. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $18.62 billion, a PE ratio of 12.85, a P/E/G ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 earnings per share. On average, equities analysts predict that Omnicom Group will post 7.81 EPS for the current fiscal year.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $110.00 in a report on Tuesday. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. UBS Group began coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price on the stock. Finally, StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

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.