Honeywell International Inc. bought a new position in OUTFRONT Media Inc. (NYSE:OUT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,330 shares of the financial services provider’s stock, valued at approximately $863,000.

Several other large investors have also recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in shares of OUTFRONT Media by 16.5% in the fourth quarter. Guggenheim Capital LLC now owns 17,244 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,436 shares during the period. Teachers Advisors LLC boosted its stake in shares of OUTFRONT Media by 21.9% in the fourth quarter. Teachers Advisors LLC now owns 387,653 shares of the financial services provider’s stock worth $9,641,000 after buying an additional 69,684 shares during the period. Bank of Montreal Can boosted its stake in shares of OUTFRONT Media by 4,678.2% in the first quarter. Bank of Montreal Can now owns 46,110 shares of the financial services provider’s stock worth $1,225,000 after buying an additional 45,145 shares during the period. BLB&B Advisors LLC boosted its stake in shares of OUTFRONT Media by 0.6% in the first quarter. BLB&B Advisors LLC now owns 29,107 shares of the financial services provider’s stock worth $773,000 after buying an additional 175 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of OUTFRONT Media during the first quarter worth about $536,000.

Shares of OUTFRONT Media Inc. (NYSE OUT) opened at 22.37 on Thursday. The firm’s 50-day moving average is $22.84 and its 200-day moving average is $24.75. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 32.28 and a beta of 1.13. OUTFRONT Media Inc. has a one year low of $20.72 and a one year high of $27.89.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s payout ratio is 189.48%.

WARNING: This report was reported by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/10/honeywell-international-inc-buys-new-position-in-outfront-media-inc-out.html.

A number of equities research analysts recently issued reports on OUT shares. Zacks Investment Research cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. TheStreet cut shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research report on Friday, May 12th. Loop Capital upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, June 5th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. OUTFRONT Media has an average rating of “Hold” and a consensus price target of $30.33.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OUTFRONT Media Inc. (NYSE:OUT).

Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

Receive News & Ratings for OUTFRONT Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OUTFRONT Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.