ZWJ Investment Counsel Inc. Sells 127,750 Shares of OUTFRONT Media Inc. (NYSE:OUT)

ZWJ Investment Counsel Inc. lessened its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,338,661 shares of the financial services provider’s stock after selling 127,750 shares during the period. ZWJ Investment Counsel Inc. owned about 0.81% of OUTFRONT Media worth $18,688,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in OUTFRONT Media during the 1st quarter worth about $28,000. Quantbot Technologies LP bought a new position in OUTFRONT Media during the 1st quarter worth about $41,000. Belpointe Asset Management LLC increased its holdings in OUTFRONT Media by 116.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 840 shares in the last quarter. State of Wyoming bought a new position in OUTFRONT Media during the 2nd quarter worth about $26,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in OUTFRONT Media during the 4th quarter worth about $33,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.

OUTFRONT Media Stock Performance

NYSE:OUT traded down $0.04 during mid-day trading on Friday, hitting $14.83. The stock had a trading volume of 1,047,403 shares, compared to its average volume of 2,017,176. OUTFRONT Media Inc. has a twelve month low of $8.18 and a twelve month high of $17.02. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -5.55, a PEG ratio of 0.97 and a beta of 1.87. The company’s 50 day simple moving average is $15.22 and its 200 day simple moving average is $13.21. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media Announces Dividend

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

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.