OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. trimmed its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 about 0.86% of OUTFRONT Media worth $23,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in OUTFRONT Media by 1.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock worth $532,000 after purchasing an additional 558 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in OUTFRONT Media by 5.6% during the fourth 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 last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of OUTFRONT Media by 4.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock worth $284,000 after purchasing an additional 629 shares during the period. Victory Capital Management Inc. raised its holdings in shares of OUTFRONT Media by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock worth $467,000 after purchasing an additional 706 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in shares of 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 worth $275,000 after buying an additional 812 shares during the last quarter.

Insider Buying and Selling at OUTFRONT Media

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 value of $319,330.92. Following the completion of the transaction, the executive vice president owned 70,836 shares in the company, valued at $1,124,875.68. This represents a 22.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley decreased their target price on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Citigroup restated a "buy" rating and set a $19.00 price objective (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Finally, 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. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.23.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded up $0.01 during midday trading on Friday, hitting $17.15. 664,893 shares of the company's stock were exchanged, compared to its average volume of 1,666,014. 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 $2.87 billion, a P/E ratio of 11.29, a PEG ratio of 1.04 and a beta of 1.87. The stock's 50 day moving average price is $16.10 and its 200-day moving average price is $16.81. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick 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 for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid 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 was Friday, June 6th. OUTFRONT Media's dividend payout ratio is currently 78.95%.

About OUTFRONT Media

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.