ZWJ Investment Counsel Inc. Has $23.29 Million Holdings in OUTFRONT Media Inc. (NYSE:OUT)

ZWJ Investment Counsel Inc. reduced its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,443,058 shares of the financial services provider's stock after selling 34,441 shares during the period. ZWJ Investment Counsel Inc. owned 0.86% of OUTFRONT Media worth $23,291,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in OUTFRONT Media by 1.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after purchasing an additional 558 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in OUTFRONT Media by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 596 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in OUTFRONT Media by 4.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 629 shares during the period. Victory Capital Management Inc. boosted its holdings in OUTFRONT Media by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 706 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in OUTFRONT Media by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 812 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Citigroup reissued a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. JPMorgan Chase & Co. reduced their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.23.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded up $0.01 during midday trading on Thursday, reaching $17.15. 664,893 shares of the company's stock were exchanged, compared to its average volume of 1,662,545. The company's 50 day simple moving average is $16.05 and its two-hundred day simple moving average is $16.84. The firm has a market capitalization of $2.87 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.87. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.98. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. Equities research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is currently 78.95%.

Insider Activity

In related news, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $15.88, for a total transaction of $319,330.92. Following the completion of the sale, the executive vice president owned 70,836 shares in the company, valued at $1,124,875.68. This trade represents a 22.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

OUTFRONT Media Company 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.