Headlines about Omnicom Group (NYSE:OMC) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Omnicom Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.4736662421538 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Peter K. Sherman Sells 8,310 Shares of Omnicom Group Inc. (OMC) Stock (americanbankingnews.com)
- Stocks that deserve a closer look under the hood: Omnicom Group Inc. (OMC), Venator Materials PLC (VNTR) – Market Movers (financialqz.com)
- Omnicom Group Inc. (NYSE: OMC) – Hot Stock under Review – Alpha Beta Stock (alphabetastock.com)
- Omnicom After The Brexit Vote – Omnicom Group Inc. (NYSE:OMC … – Seeking Alpha (seekingalpha.com)
- FleishmanHillard Appoints New Global Managing Director, Technology (finance.yahoo.com)
A number of research analysts have issued reports on the stock. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a report on Wednesday, October 18th. Royal Bank of Canada decreased their price target on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Jefferies Group reaffirmed a “hold” rating and issued a $82.00 price target on shares of Omnicom Group in a report on Thursday, September 21st. Finally, Credit Suisse Group raised their target price on shares of Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $84.00.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. Omnicom Group’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. equities analysts expect that Omnicom Group will post 5.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. Omnicom Group’s payout ratio is presently 43.82%.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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