Axa S.A. Sells 45,369 Shares of OUTFRONT Media Inc. (NYSE:OUT)

AXA S.A. cut its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,754 shares of the financial services provider's stock after selling 45,369 shares during the period. AXA S.A. owned about 0.10% of OUTFRONT Media worth $2,867,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OUT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in OUTFRONT Media by 1.9% during 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 acquiring an additional 558 shares during the period. GAMMA Investing LLC increased its stake in OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after purchasing an additional 613 shares during the period. Public Employees Retirement Association of Colorado lifted its position in OUTFRONT Media by 4.1% in the fourth 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 last quarter. Moody National Bank Trust Division boosted its stake in shares of OUTFRONT Media by 4.0% during the fourth quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 698 shares during the period. Finally, Victory Capital Management Inc. boosted its stake 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 valued at $467,000 after purchasing an additional 706 shares during the period.

OUTFRONT Media Trading Up 0.9%

OUT stock traded up $0.14 on Tuesday, reaching $16.42. The company's stock had a trading volume of 515,502 shares, compared to its average volume of 1,673,781. The firm has a market cap of $2.74 billion, a PE ratio of 11.70, a PEG ratio of 1.06 and a beta of 1.84. The business has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $17.57. 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 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $390.70 million during the quarter, compared to analysts' expectations of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, research analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's payout ratio is currently 78.95%.

Analyst Ratings Changes

OUT has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. StockNews.com cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.97.

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.