Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells $100,940.70 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Mark Emilio Bonanni sold 3,385 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total value of $100,940.70. Following the completion of the sale, the executive vice president directly owned 10,420 shares of the company’s stock, valued at $310,724.40. This represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OUTFRONT Media Stock Up 0.1%

Shares of NYSE OUT opened at $29.00 on Monday. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $5.11 billion, a PE ratio of 20.86 and a beta of 1.48. OUTFRONT Media Inc. has a one year low of $16.97 and a one year high of $34.96. The business’s fifty day moving average price is $31.47 and its 200-day moving average price is $30.29.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.30. The business had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%.The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.18 EPS for the current year.

OUTFRONT Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a $0.33 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.6%. This is a positive change from OUTFRONT Media’s previous quarterly dividend of $0.30. OUTFRONT Media’s dividend payout ratio (DPR) is presently 94.96%.

Analyst Ratings Changes

A number of research firms recently issued reports on OUT. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Wells Fargo & Company upped their price target on OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. TD Cowen reissued a “buy” rating and issued a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $38.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Institutional Trading of OUTFRONT Media

Institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL grew its position in shares of OUTFRONT Media by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 351 shares during the period. GAMMA Investing LLC lifted its position in OUTFRONT Media by 4.6% during the 2nd quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 440 shares during the period. Maryland State Retirement & Pension System lifted its position in OUTFRONT Media by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 468 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in OUTFRONT Media by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 500 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in OUTFRONT Media by 0.7% during the first quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock worth $2,067,000 after acquiring an additional 537 shares in the last quarter.

About OUTFRONT Media

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.