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

Wellington Management Group LLP cut its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,772,855 shares of the financial services provider’s stock after selling 143,632 shares during the quarter. Wellington Management Group LLP’s holdings in OUTFRONT Media were worth $69,345,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in OUTFRONT Media by 13.6% in the third quarter. FMR LLC now owns 6,711,791 shares of the financial services provider’s stock worth $123,363,000 after acquiring an additional 803,292 shares during the last quarter. DigitalBridge Group Inc. lifted its position in shares of OUTFRONT Media by 11.7% during the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after purchasing an additional 327,125 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of OUTFRONT Media by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after purchasing an additional 210,208 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new position in OUTFRONT Media in the second quarter valued at $22,724,000. Finally, ZWJ Investment Counsel Inc. increased its holdings in OUTFRONT Media by 2.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider’s stock valued at $26,585,000 after buying an additional 38,327 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on OUT. Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.25.

OUTFRONT Media Trading Down 0.9 %

NYSE:OUT opened at $18.82 on Wednesday. The company has a market capitalization of $3.12 billion, a PE ratio of 13.74, a P/E/G ratio of 1.21 and a beta of 1.97. OUTFRONT Media Inc. has a 52-week low of $12.13 and a 52-week high of $19.50. The stock’s 50 day moving average price is $18.57 and its 200 day moving average price is $16.62. 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) last announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $451.90 million for the quarter, compared to analysts’ expectations of $456.38 million. During the same quarter last year, the business posted $0.46 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that OUTFRONT Media Inc. will post 1.56 EPS for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is 87.59%.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.