Cwm LLC Lowers Stake in Lamar Advertising Company $LAMR

Key Points

• Cwm LLC cut its stake by 30.3%, selling 11,667 shares and holding 26,805 shares of Lamar (worth $3.393M), while other large institutional investors (AQR, Invesco, Egerton, Northern Trust, MFS) materially increased positions and institutional ownership stands at 93.78%.
• Lamar reported a quarterly EPS miss ($1.50 vs. $2.18) despite slightly beating revenue, set FY2026 guidance of 5.720–5.830 EPS, and raised its quarterly dividend to $1.60 (annualized $6.40, ~4.8% yield) with a high payout ratio of 110.92%.
• An EVP sold 5,969 shares (a 27.36% cut to their holding) while analysts maintain a consensus of "Moderate Buy" with an average target of $139.80; the stock has a $13.5B market cap and a 52‑week range of $110.10–$139.76.

Cwm LLC reduced its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 30.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,805 shares of the real estate investment trust's stock after selling 11,667 shares during the quarter. Cwm LLC's holdings in Lamar Advertising were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LAMR. AQR Capital Management LLC lifted its stake in shares of Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust's stock valued at $177,152,000 after buying an additional 816,217 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in Lamar Advertising in the 3rd quarter worth $88,615,000. Invesco Ltd. increased its stake in Lamar Advertising by 97.8% in the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust's stock worth $121,439,000 after buying an additional 490,463 shares in the last quarter. Northern Trust Corp raised its holdings in Lamar Advertising by 23.9% during the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust's stock valued at $199,490,000 after acquiring an additional 314,235 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Lamar Advertising by 22.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,064,441 shares of the real estate investment trust's stock valued at $130,309,000 after acquiring an additional 197,175 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $133.23 on Friday. The company has a market cap of $13.50 billion, a P/E ratio of 23.09 and a beta of 1.20. Lamar Advertising Company has a 52-week low of $110.10 and a 52-week high of $139.76. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.58 and a current ratio of 0.58. The firm's fifty day moving average is $132.29 and its two-hundred day moving average is $128.68.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.68). The company had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, analysts anticipate that Lamar Advertising Company will post 8.23 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from Lamar Advertising's previous quarterly dividend of $1.55. This represents a $6.40 dividend on an annualized basis and a yield of 4.8%. Lamar Advertising's dividend payout ratio is currently 110.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Lamar Advertising from $121.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 24th. UBS Group set a $150.00 target price on Lamar Advertising in a research note on Monday, February 23rd. Weiss Ratings raised Lamar Advertising from a "hold (c+)" rating to a "buy (b)" rating in a report on Monday, February 23rd. Finally, TD Cowen restated a "buy" rating on shares of Lamar Advertising in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.80.

Insider Buying and Selling

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares in the company, valued at $2,039,102.50. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 15.24% of the company's stock.

About Lamar Advertising

Lamar Advertising Company NASDAQ: LAMR is one of North America's largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.

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