Amundi Buys 34,052 Shares of OUTFRONT Media Inc. $OUT

Key Points

• Amundi increased its OUTFRONT Media stake by 196.7% in the first quarter, buying 34,052 additional shares for a total position of 51,366 shares valued at approximately $1.36 million.
• OUTFRONT reported strong quarterly results, with FFO of $0.68 per share and revenue up 13.5% to $522.5 million, supported by transit, billboard and digital advertising growth.
• The company raised its quarterly dividend by 10% to $0.33 per share, while analysts remained broadly positive; six of seven covering analysts rated the stock Buy, with a Moderate Buy consensus.

Amundi increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 196.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,366 shares of the financial services provider's stock after purchasing an additional 34,052 shares during the quarter. Amundi's holdings in OUTFRONT Media were worth $1,361,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of OUTFRONT Media by 9.3% during the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider's stock worth $2,105,000 after purchasing an additional 11,073 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OUTFRONT Media by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider's stock worth $1,388,000 after purchasing an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider's stock worth $80,393,000 after purchasing an additional 448,993 shares in the last quarter. Empowered Funds LLC grew its stake in shares of OUTFRONT Media by 12.4% during the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 2,357 shares during the last quarter. Finally, Woodline Partners LP grew its stake in shares of OUTFRONT Media by 45.6% during the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider's stock valued at $595,000 after purchasing an additional 11,559 shares during the last quarter.

Trending Headlines about OUTFRONT Media

Here are the key news stories impacting OUTFRONT Media this week:

• Positive Sentiment: OUTFRONT reported second-quarter funds from operations (FFO) of $0.68 per share, above the $0.59 consensus estimate and up from $0.51 a year earlier. Revenue rose 13.5% to $522.5 million, exceeding estimates of $509.6 million. OUTFRONT Media Tops Q2 FFO and Revenue Estimates
• Positive Sentiment: Results benefited from growth in transit and billboard advertising, digital gains and revenue connected to the FIFA World Cup. The combination of stronger operating trends and an FFO beat could improve expectations for the company’s advertising business. OUT Q2 FFO Beat Estimates on Transit and Billboard Growth
• Positive Sentiment: Wells Fargo raised its price target for OUT from $35 to $38 and maintained an Overweight rating, implying approximately 22% upside from the reference price. Wells Fargo Raises OUTFRONT Media Price Target
• Positive Sentiment: The company increased its quarterly dividend by 10% to $0.33 per share, or approximately $1.32 annualized. The higher payout, with a reported yield of about 4.2%, strengthens OUTFRONT’s income appeal. Outfront Media Boosts Quarterly Dividend 10%
• Positive Sentiment: OUTFRONT signed a multiyear exclusive agreement with the New York Jets, adding a prominent sports property to its out-of-home advertising portfolio and potentially supporting future media and sponsorship revenue. Outfront Media Signs Agreement With New York Jets
• Neutral Sentiment: The earnings presentation and conference-call materials provide additional details on second-quarter performance and management’s outlook, but no separate material negative catalyst was identified in the supplied reports. OUTFRONT Media 2026 Q2 Results Presentation

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OUT shares. Wells Fargo & Company lifted their price target on shares of OUTFRONT Media from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen reiterated a "buy" rating and set a $40.00 target price (up from $38.00) on shares of OUTFRONT Media in a report on Thursday. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a $38.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.00.

Insider Buying and Selling

In other OUTFRONT Media news, EVP James Michael Norton bought 4,130 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $30.81 per share, with a total value of $127,245.30. Following the transaction, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard H. Sauer sold 5,000 shares of the company's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the transaction, the executive vice president directly owned 56,947 shares in the company, valued at $1,826,859.76. This represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,000 shares of company stock worth $629,600 in the last 90 days. Corporate insiders own 0.45% of the company's stock.

OUTFRONT Media Trading Down 0.0%

NYSE:OUT opened at $31.14 on Friday. The firm's fifty day moving average is $32.05 and its 200-day moving average is $29.61. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.82 and a current ratio of 0.67. OUTFRONT Media Inc. has a 52 week low of $16.64 and a 52 week high of $34.96. The firm has a market cap of $5.48 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The business had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. During the same quarter last year, the firm earned $0.14 earnings per share. OUTFRONT Media's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts expect that OUTFRONT Media Inc. will post 2.11 earnings per share for the current year.

OUTFRONT Media Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, September 4th. This is a boost from OUTFRONT Media's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. OUTFRONT Media's payout ratio is presently 114.29%.

OUTFRONT Media Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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