Diversify Wealth Management LLC Buys New Position in OUTFRONT Media Inc. $OUT

Diversify Wealth Management LLC bought a new stake in OUTFRONT Media Inc. (NYSE:OUT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 67,992 shares of the financial services provider’s stock, valued at approximately $1,802,000.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of OUTFRONT Media in the third quarter worth $29,000. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in OUTFRONT Media during the fourth quarter worth $71,000. IFP Advisors Inc grew its position in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 582 shares in the last quarter. Finally, State of Wyoming grew its position in OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 4,853 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OUT. TD Cowen reissued a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research report on Friday, May 8th. Finally, Barrington Research set a $38.00 target price on OUTFRONT Media in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, OUTFRONT Media has an average rating of “Moderate Buy” and a consensus price target of $30.71.

OUTFRONT Media Trading Up 0.0%

NYSE OUT opened at $33.15 on Wednesday. The company has a market cap of $5.84 billion, a PE ratio of 31.57, a PEG ratio of 1.57 and a beta of 1.48. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 12 month low of $16.64 and a 12 month high of $34.96. The stock has a 50 day moving average of $32.20 and a 200-day moving average of $28.64.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were paid a $0.30 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Insider Transactions at OUTFRONT Media

In other news, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the acquisition, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,000 shares of company stock valued at $629,600. Insiders own 0.47% of the company’s stock.

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.