Omnicom Group, Inc. (NYSE: OMC) Could Achieve Gains In The Near Future

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that TBWA Backslash’s 2024 Edges: The Year of Adaption.

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Stocks Info

OMC belongs to the Communication Services sector of the NYSE while operating in the Advertising Agencies industry. At the end of the last regular session, the stock closed at $95.16 and fluctuated between $95.20 as its day high and $93.13 as its day low. The current market capitalization of Omnicom Group, Inc. is $18.84B. A total of 1.26 million shares were traded on the day, compared to an average of 1.62M shares.

In the most recent transaction, Tarlowe Rochelle M. sold 1,500 shares of OMC for 95.34 per share on Mar 13 ’24. After the transaction, the Senior VP and Treasurer now owns 15,579 company shares. In a previous transaction on Feb 09 ’24, RICE LINDA JOHNSON sold 507 shares at 86.66 per share. OMC shares that Director owns now total 9,753.

Among the insiders who sold shares, RICE LINDA JOHNSON disposed of 587 shares on Nov 15 ’23 at a per-share price of $78.70. This resulted in the Director holding 9,664 shares of OMC after the transaction. In another insider transaction, Castellaneta Andrew sold 3,300 shares at $76.57 per share on Nov 02 ’23. Company shares held by the SVP, Chief Accounting Officer now total 30,014.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Omnicom Group, Inc. pays an annual dividend of $2.80, resulting in a dividend yield of 2.94%, and it has a price to earnings (P/E) ratio of 13.74. 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 5/9/2024. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, OMC has a high of $99.23 and a low of $72.20.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 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. 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.

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