Omnicom Group Inc. (OMC) To Go Ex-Dividend on December 20th

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 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, December 20th.

Omnicom Group has increased its dividend by an average of 2.5% per year over the last three years. Omnicom Group has a dividend payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.45 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 33.1%.

Omnicom Group Stock Performance

Shares of OMC stock opened at $103.44 on Friday. Omnicom Group has a 12-month low of $81.41 and a 12-month high of $107.00. The business’s fifty day simple moving average is $102.63 and its 200-day simple moving average is $97.27. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The company has a market cap of $20.18 billion, a PE ratio of 14.13, a PEG ratio of 2.32 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $1.86 EPS. Analysts expect that Omnicom Group will post 7.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on OMC shares. Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Macquarie lifted their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America increased their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.11.

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.