Vestcor Inc Has $52,000 Stock Holdings in OUTFRONT Media Inc. $OUT

Vestcor Inc cut its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 91.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,149 shares of the financial services provider’s stock after selling 23,956 shares during the quarter. Vestcor Inc’s holdings in OUTFRONT Media were worth $52,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the third quarter worth about $29,000. Farther Finance Advisors LLC grew its position in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,431 shares in the last quarter. IFP Advisors Inc grew its position in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after buying an additional 582 shares in the last quarter. State of Wyoming grew its position in OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC grew its position in OUTFRONT Media by 14.2% during the third quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock worth $144,000 after buying an additional 989 shares in the last quarter.

Insider Buying and Selling

In other news, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the transaction, the executive vice president owned 289,925 shares in the company, valued at approximately $7,477,165.75. The trade was a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the completion of the transaction, the director owned 36,244 shares of the company’s stock, valued at $976,050.92. This trade represents a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

OUTFRONT Media Stock Down 0.9%

Shares of OUT opened at $30.36 on Thursday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.45 and a beta of 1.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The company has a 50-day moving average price of $30.71 and a two-hundred day moving average price of $27.16.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. OUTFRONT Media’s payout ratio is 114.29%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday, May 8th. TD Cowen restated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.