ZWJ Investment Counsel Inc. Decreases Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

ZWJ Investment Counsel Inc. trimmed its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 8.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,338,661 shares of the financial services provider’s stock after selling 127,750 shares during the period. ZWJ Investment Counsel Inc.’s holdings in OUTFRONT Media were worth $18,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. State of Tennessee Treasury Department raised its holdings in shares of OUTFRONT Media by 0.6% during the fourth quarter. State of Tennessee Treasury Department now owns 92,766 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 517 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in OUTFRONT Media by 116.7% during the first quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock valued at $25,000 after buying an additional 840 shares during the last quarter. Allworth Financial LP increased its holdings in OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after buying an additional 874 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of OUTFRONT Media by 11.9% in the first quarter. Mackenzie Financial Corp now owns 9,120 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 970 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of OUTFRONT Media in the first quarter worth $28,000.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded down $0.04 during midday trading on Friday, reaching $14.83. 1,047,403 shares of the company were exchanged, compared to its average volume of 2,017,176. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.39. The business’s fifty day moving average is $15.22 and its two-hundred day moving average is $13.21. OUTFRONT Media Inc. has a one year low of $8.18 and a one year high of $17.02. The stock has a market cap of $2.46 billion, a PE ratio of -5.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.87.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.09%. OUTFRONT Media’s dividend payout ratio is -44.94%.

Analyst Upgrades and Downgrades

OUT has been the subject of a number of analyst reports. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.50.

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.