ZWJ Investment Counsel Inc. Buys 38,327 Shares of OUTFRONT Media Inc. (NYSE:OUT)

ZWJ Investment Counsel Inc. grew its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,446,420 shares of the financial services provider's stock after purchasing an additional 38,327 shares during the quarter. ZWJ Investment Counsel Inc. owned about 0.87% of OUTFRONT Media worth $26,585,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Creative Planning lifted its stake in OUTFRONT Media by 10.8% in the third quarter. Creative Planning now owns 24,336 shares of the financial services provider's stock valued at $447,000 after buying an additional 2,368 shares during the period. CWM LLC raised its position in shares of OUTFRONT Media by 18.5% in the 3rd quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 1,199 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in OUTFRONT Media during the 2nd quarter worth approximately $944,000. Quarry LP increased its stake in OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Algert Global LLC increased its stake in OUTFRONT Media by 8.7% in the second quarter. Algert Global LLC now owns 834,530 shares of the financial services provider's stock valued at $11,934,000 after purchasing an additional 66,516 shares in the last quarter.

Wall Street Analysts Forecast Growth

OUT has been the subject of a number of recent analyst reports. TD Cowen began coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a "hold" rating and a $16.00 price objective for the company. Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an "overweight" rating and a $22.00 price target on the stock. JPMorgan Chase & Co. increased their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Barrington Research raised their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. Finally, StockNews.com cut shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.50.

OUTFRONT Media Stock Up 0.1 %

NYSE:OUT traded up $0.01 during trading hours on Thursday, reaching $19.09. 1,048,912 shares of the stock were exchanged, compared to its average volume of 1,740,083. The stock has a market cap of $3.17 billion, a PE ratio of -7.18, a PEG ratio of 1.20 and a beta of 1.94. OUTFRONT Media Inc. has a twelve month low of $9.00 and a twelve month high of $19.33. The firm has a 50 day moving average of $17.19 and a 200 day moving average of $15.73. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.60. The business had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. OUTFRONT Media's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities analysts expect that OUTFRONT Media Inc. will post 1.53 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.29%. The ex-dividend date was Friday, September 6th. OUTFRONT Media's dividend payout ratio (DPR) is currently -45.11%.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.