DAVENPORT & Co LLC Decreases Stock Holdings in Lamar Advertising Company $LAMR

Key Points

• DAVENPORT & Co LLC cut its stake by 10.1% in the fourth quarter, selling 122,997 shares and ending the period with 1,099,588 shares of Lamar (about a 1.09% holding) valued at roughly $139.3 million.
• Lamar missed quarterly EPS (reported $1.50 vs. $2.18 consensus) while revenue of $595.9 million was roughly in line, and the company set FY2026 guidance of $5.720–$5.830 EPS.
• The board raised the quarterly dividend to $1.60 per share (annualized $6.40, a 5.0% yield), but the dividend payout ratio stands high at 110.92%, signaling potential sustainability concerns.

DAVENPORT & Co LLC lowered its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,099,588 shares of the real estate investment trust's stock after selling 122,997 shares during the period. DAVENPORT & Co LLC owned about 1.09% of Lamar Advertising worth $139,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter worth $26,000. Alpine Bank Wealth Management bought a new position in Lamar Advertising during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Lamar Advertising during the third quarter worth about $33,000. Loomis Sayles & Co. L P purchased a new stake in Lamar Advertising during the second quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Lamar Advertising in the third quarter worth about $39,000. Institutional investors own 93.78% of the company's stock.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $127.52 on Wednesday. The firm has a market capitalization of $12.92 billion, a PE ratio of 22.10 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.10. The company has a 50-day moving average price of $132.20 and a two-hundred day moving average price of $127.83. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.76.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.68). The business had revenue of $595.93 million during 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. Equities analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $1.60 per share. This is an increase from Lamar Advertising's previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Monday, March 16th. Lamar Advertising's dividend payout ratio (DPR) is currently 110.92%.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of research analyst reports. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research note on Monday, February 23rd. Wells Fargo & Company lifted their price target on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. TD Cowen reiterated a "buy" rating on shares of 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, Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Lamar Advertising currently has an average rating of "Moderate Buy" and a consensus price target of $139.80.

Lamar Advertising Company Profile

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.

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising Company (NASDAQ:LAMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.