OUTFRONT Media Inc. (NYSE:OUT) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,115,268 shares of the financial services provider's stock after purchasing an additional 342,413 shares during the quarter. Wellington Management Group LLP owned approximately 2.46% of OUTFRONT Media worth $73,005,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OUT. Raymond James Financial Inc. purchased a new stake in OUTFRONT Media in the fourth quarter valued at approximately $980,000. Bank of America Corp DE lifted its stake in OUTFRONT Media by 28.2% in the fourth quarter. Bank of America Corp DE now owns 346,544 shares of the financial services provider's stock valued at $6,148,000 after buying an additional 76,306 shares during the last quarter. Polar Asset Management Partners Inc. lifted its stake in OUTFRONT Media by 247.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 677,930 shares of the financial services provider's stock valued at $12,026,000 after buying an additional 482,930 shares during the last quarter. Wells Fargo & Company MN lifted its stake in OUTFRONT Media by 40.1% in the fourth quarter. Wells Fargo & Company MN now owns 94,898 shares of the financial services provider's stock valued at $1,684,000 after buying an additional 27,166 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in OUTFRONT Media by 8.2% in the fourth quarter. Northern Trust Corp now owns 2,119,006 shares of the financial services provider's stock valued at $37,591,000 after buying an additional 159,848 shares during the last quarter.

OUTFRONT Media Price Performance

OUT stock traded down $0.02 on Friday, reaching $16.57. 1,485,337 shares of the company's stock were exchanged, compared to its average volume of 1,663,086. The stock has a fifty day moving average of $15.38 and a 200-day moving average of $17.36. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98. The firm has a market cap of $2.77 billion, a PE ratio of 11.81, a P/E/G ratio of 1.06 and a beta of 1.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. As a group, equities analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.24%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Morgan Stanley dropped their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup reissued a "buy" rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.23.

OUTFRONT Media Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.