DAVENPORT & Co LLC trimmed its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,562 shares of the real estate investment trust's stock after selling 22,795 shares during the period. Lamar Advertising makes up approximately 0.9% of DAVENPORT & Co LLC's portfolio, making the stock its 18th biggest position. DAVENPORT & Co LLC owned approximately 1.40% of Lamar Advertising worth $161,991,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its position in Lamar Advertising by 2.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,101 shares of the real estate investment trust's stock valued at $1,108,000 after buying an additional 215 shares in the last quarter. Farther Finance Advisors LLC increased its position in Lamar Advertising by 101.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 1,230 shares in the last quarter. SG Americas Securities LLC bought a new stake in Lamar Advertising in the 1st quarter valued at about $1,007,000. Jones Financial Companies Lllp increased its position in Lamar Advertising by 6.3% in the 4th quarter. Jones Financial Companies Lllp now owns 4,911 shares of the real estate investment trust's stock valued at $598,000 after buying an additional 292 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Lamar Advertising by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 5,584 shares of the real estate investment trust's stock valued at $635,000 after buying an additional 475 shares in the last quarter. 93.78% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their target price for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Morgan Stanley decreased their price objective on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $134.00.
View Our Latest Report on Lamar Advertising
Lamar Advertising Stock Up 0.7%
NASDAQ LAMR traded up $0.85 on Wednesday, reaching $123.98. The company had a trading volume of 72,991 shares, compared to its average volume of 636,772. The stock has a market capitalization of $12.69 billion, a P/E ratio of 30.09 and a beta of 1.33. The company's fifty day moving average is $118.17 and its 200 day moving average is $119.19. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.89.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The business had revenue of $505.43 million during the quarter, compared to analyst estimates of $509.72 million. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. Sell-side analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.
Lamar Advertising Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Monday, June 16th. Lamar Advertising's dividend payout ratio is presently 150.49%.
Lamar Advertising Company Profile
(
Free Report)
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.
Further Reading
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
