After Hours
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. Yahoo Finance discussed the stock recently as it posted Omnicom Reports Fourth Quarter and Full Year 2023 Results.
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Stocks Info
The company is listed on the NYSE and operates within the Advertising Agencies industry segment. The current market capitalization of Omnicom Group, Inc. is $17.49B. A total of 1.42 million shares were traded on the day, compared to an average of 1.45M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OMC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 18 SELLs from insiders. Insiders purchased 241,124 shares during that period but sold 245,621.
In the most recent transaction, RICE LINDA JOHNSON sold 507 shares of OMC for 86.66 per share on Feb 09. After the transaction, the Director now owns 9,753 company shares. In a previous transaction on Nov 15, RICE LINDA JOHNSON sold 587 shares at 78.70 per share. OMC shares that Director owns now total 9,664.
Among the insiders who sold shares, Castellaneta Andrew disposed of 3,300 shares on Nov 02 at a per-share price of $76.57. This resulted in the SVP, Chief Accounting Officer holding 30,014 shares of OMC after the transaction. In another insider transaction, RICE LINDA JOHNSON sold 467 shares at $80.24 per share on Aug 16. Company shares held by the Director now total 9,591.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Omnicom Group, Inc. pays an annual dividend of $2.80, resulting in a dividend yield of 3.17%, and it has a price to earnings (P/E) ratio of 12.76. OMC’s most recent ex-dividend date was 3/8/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 4/9/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/21/2023. The OMC stock dividend was $0.70 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OMC in the last 3 months, the mean price target is $99.25 with high estimates of $117.00 and low estimates of $79.00. In terms of 52-week highs and lows, OMC has a high of $99.23 and a low of $72.20.
As of this writing, OMC has an earnings estimate of $Vulcan Materials Company (Holdi per share for the current quarter. EPS was calculated based on a consensus of AMC Entertainment Holdings, Inc estimates, with a high estimate of $TMC the metals company Inc. per share and a lower estimate of $FMC Corporation.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OMC’s latest balance sheet shows that the firm has $5.32B in Cash & Short Term Investments as of fiscal 2021. There were $6.65B in debt and $16.23B in liabilities at the time. Its Book Value Per Share was $18.26, while its Total Shareholder’s Equity was $4.12B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.89.
