Wells Fargo & Company MN Increases Position in OUTFRONT Media Inc. (NYSE:OUT)

Wells Fargo & Company MN lifted its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 40.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,898 shares of the financial services provider’s stock after buying an additional 27,166 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of OUTFRONT Media worth $1,684,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new stake in OUTFRONT Media during the fourth quarter valued at about $47,000. GAMMA Investing LLC grew its position in shares of OUTFRONT Media by 19.3% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,555 shares during the period. KBC Group NV lifted its holdings in OUTFRONT Media by 47.9% in the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in OUTFRONT Media in the 4th quarter worth approximately $192,000.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock opened at $15.02 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 10.70, a PEG ratio of 1.06 and a beta of 1.79. The stock has a 50 day moving average of $16.12 and a 200 day moving average of $17.86. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.98.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. On average, research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.99%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.37.

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.