State of Wyoming Purchases 19,692 Shares of OUTFRONT Media Inc. $OUT

State of Wyoming boosted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 94.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,614 shares of the financial services provider’s stock after buying an additional 19,692 shares during the quarter. State of Wyoming’s holdings in OUTFRONT Media were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OUT. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media during the third quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings in shares of OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $71,000. IFP Advisors Inc grew its position in OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in OUTFRONT Media by 45.4% in the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,851 shares during the period.

Insider Buying and Selling

In other news, EVP James Michael Norton purchased 4,130 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the acquisition, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,000 shares of company stock valued at $629,600 in the last 90 days. Insiders own 0.45% of the company’s stock.

OUTFRONT Media Price Performance

OUTFRONT Media stock opened at $31.88 on Thursday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 30.36, a P/E/G ratio of 1.51 and a beta of 1.48. The company’s fifty day moving average price is $32.24 and its 200 day moving average price is $29.01. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. OUTFRONT Media Inc. has a 1 year low of $16.64 and a 1 year high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $431.44 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio is 114.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on OUT shares. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. TD Cowen restated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $38.00 price target on shares of OUTFRONT Media in a report on Wednesday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.57.

OUTFRONT Media 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.