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Wednesday, February 1, 2023

Momentum Is Strong For Omnicom Group Inc. (NYSE: OMC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Omnicom Group Inc. (OMC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $83.68. The Omnicom Group Inc. has recorded 22,308 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed KETCHUM APPOINTS CONOR NASH AS GLOBAL CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER.


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Stocks Info

This NYSE-listed company operates within the Advertising Agencies industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $83.68 and fluctuated between $83.92 as its day high and $82.86 as its day low. The current market capitalization of Omnicom Group Inc. is $17.12B. A total of 1.27 million shares were traded on the day, compared to an average of 1.50M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, OMC has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 3,300 shares. Over the last 12 months, there were 35 BUYs and 17 SELLs from insiders. Insiders purchased 272,476 shares during that period but sold 146,296.

In the most recent transaction, Tarlowe Rochelle M. sold 2,000 shares of OMC for 73.08 per share on Nov 01. After the transaction, the Senior VP and Treasurer now owns 16,032 company shares. In a previous transaction on Oct 24, RICE LINDA JOHNSON sold 1,300 shares at 70.79 per share. OMC shares that Director owns now total 10,048.

Among the insiders who sold shares, OBRIEN MICHAEL J disposed of 18,000 shares on Aug 09 at a per-share price of $70.47. This resulted in the Exec VP, Gen. Counsel & Sec. holding 131,118 shares of OMC after the transaction. In another insider transaction, RICE LINDA JOHNSON sold 1,900 shares at $77.88 per share on Apr 25. Company shares held by the Director now total 9,784.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Omnicom Group Inc. pays an annual dividend of $2.80, resulting in a dividend yield of 3.35%, and it has a price to earnings (P/E) ratio of 13.65. OMC’s most recent ex-dividend date was 12/20/2022 when it declared a $0.70 quarterly dividend that was paid in cash on 1/11/2023. Previously, the company paid the dividend on 10/12/2022 with an ex-dividend date of 9/20/2022. The OMC stock dividend was $0.70 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OMC in the last 3 months, the mean price target is $78.45 with high estimates of $95.00 and low estimates of $64.00. In terms of 52-week highs and lows, OMC has a high of $91.61 and a low of $61.31.

As of this writing, OMC has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.09 per share and a lower estimate of $1.89. The company reported an EPS of $1.68 in the last quarter, which was 7.00% higher than expectations of $1.57.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OMC is Underweight with a score of 3.30. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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