Vestcor Inc Sells 23,956 Shares of OUTFRONT Media Inc. $OUT

Vestcor Inc lowered its position in OUTFRONT Media Inc. (NYSE:OUT) by 91.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,149 shares of the financial services provider’s stock after selling 23,956 shares during the quarter. Vestcor Inc’s holdings in OUTFRONT Media were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OUT. CWM LLC increased its holdings in shares of OUTFRONT Media by 5.5% in the fourth quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 453 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of OUTFRONT Media by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 500 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of OUTFRONT Media by 8.2% in the fourth quarter. GAMMA Investing LLC now owns 9,020 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 682 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in shares of OUTFRONT Media by 5.8% in the third quarter. NewEdge Wealth LLC now owns 15,062 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 821 shares in the last quarter.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Matthew Siegel sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the sale, the executive vice president owned 289,925 shares in the company, valued at approximately $7,477,165.75. The trade was a 14.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the sale, the director owned 36,244 shares of the company’s stock, valued at $976,050.92. The trade was a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OUT. TD Cowen reissued a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a report on Friday, May 8th. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a report on Tuesday, May 12th. Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $30.36 on Thursday. The firm has a fifty day moving average of $30.71 and a two-hundred day moving average of $27.16. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.45 and a beta of 1.49. OUTFRONT Media Inc. has a 52 week low of $15.45 and a 52 week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. OUTFRONT Media’s payout ratio is presently 114.29%.

OUTFRONT Media Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.