Cwm LLC Grows Stake in Lamar Advertising Company $LAMR

Key Points

• Cwm LLC significantly increased its holdings in Lamar Advertising Company by 144.7% in the second quarter, bringing its total shares owned to 29,727 with a value of approximately $3.6 million.
• Multiple institutional investors are accumulating shares of Lamar Advertising, with hedge funds holding a combined 93.78% of the company's stock.
• Lamar Advertising recently reported an EPS of $2.22, surpassing analysts' expectations, and announced a quarterly dividend of $1.55 per share, resulting in an annualized yield of 5.2%.

Cwm LLC grew its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 144.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,727 shares of the real estate investment trust's stock after buying an additional 17,581 shares during the quarter. Cwm LLC's holdings in Lamar Advertising were worth $3,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Hamlin Capital Management LLC lifted its holdings in Lamar Advertising by 3.4% in the 1st quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust's stock worth $149,225,000 after buying an additional 43,081 shares during the period. Northern Trust Corp lifted its stake in shares of Lamar Advertising by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock valued at $145,967,000 after purchasing an additional 4,495 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lamar Advertising by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust's stock valued at $126,258,000 after purchasing an additional 7,426 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Lamar Advertising by 5.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock valued at $104,431,000 after purchasing an additional 50,004 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Lamar Advertising by 4.3% in the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock valued at $76,698,000 after purchasing an additional 27,823 shares during the period. Hedge funds and other institutional investors own 93.78% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LAMR. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Weiss Ratings restated a "buy (b-)" rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has an average rating of "Moderate Buy" and a consensus price target of $134.20.

Insider Activity at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.99% of the company's stock.

Lamar Advertising Stock Down 2.4%

Shares of NASDAQ:LAMR opened at $118.11 on Friday. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 27.47 and a beta of 1.37. The stock has a fifty day simple moving average of $123.32 and a two-hundred day simple moving average of $120.00. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $137.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, research analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.2%. Lamar Advertising's dividend payout ratio (DPR) is presently 144.19%.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.

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