oOh!media (ASX:OML) Analyst Targets Drop to $1.71 Amid Shifting Portfolio Sentiment

Analyst consensus on oOh!media has taken a step back, with the revised one-year price target for ASX:OML now standing at $1.71 per share—marking a 10.65% reduction from the previous $1.92 estimate released in early November 2025. Despite this downward revision, the current price target still suggests meaningful upside potential, representing a 34.82% gain from the latest closing price of $1.27 per share. The consensus range spans from $1.46 on the lower end to $1.89 at the upper bound, reflecting varied analyst perspectives on the stock’s trajectory.

Strong Dividend Appeal Remains

The company continues to attract income-focused investors with a solid 4.13% dividend yield at current levels. However, the payout ratio of 1.45 warrants attention—this elevated figure indicates that oOh!media is distributing more than its annual earnings in dividends, effectively drawing down reserves to sustain payouts. While this signals confidence in maintaining distributions, it also suggests limited room for payout growth without improved earnings. On a positive note, the company has demonstrated a 0.75% three-year dividend growth rate, showing consistent commitment to rewarding shareholders despite the challenging media landscape.

Institutional Interest Shows Mixed Signals

The institutional landscape for oOh!media reveals competing pressures. Currently, 40 funds and institutions hold positions in the company, down from 52 owners in the previous quarter—a 23.08% decline in ownership count. Yet paradoxically, the average portfolio weight across all funds increased by 35.58%, suggesting that remaining investors have actually deepened their commitments. Total institutional shareholdings decreased to 93,236K shares, a 16.57% contraction quarter-over-quarter.

Key Fund Positions

Leading the institutional holders is VISAX—Virtus KAR International Small-Cap Fund, maintaining 33,300K shares (6.18% ownership) with no quarterly changes. OAKEX—Oakmark International Small Cap Fund Investor Class reduced its stake from 24,568K to 23,990K shares (4.45% of the company), though it paradoxically increased its relative portfolio allocation to OML by 4.87%.

Vanguard’s two positions show increasing conviction. VGTSX—Vanguard Total International Stock Index Fund Investor Shares expanded holdings by 13.11% to 7,350K shares (1.36% stake), alongside a 26.05% boost to portfolio allocation. Similarly, VTMGX—Vanguard Developed Markets Index Fund Admiral Shares increased from 3,916K to 4,636K shares (0.86% ownership), raising its portfolio weight by 26.85%. NAINX—VIRTUS TACTICAL ALLOCATION FUND holds steady at 4,255K shares (0.79% ownership) with no recent changes.

The divergence between falling holder counts and rising portfolio commitments among active managers underscores a consolidation dynamic—larger institutional players are accumulating while smaller positions are exiting, creating a more concentrated shareholder base for oOh!media.