Deutsche Bank AG Has $1.66 Million Stake in Lamar Advertising Company $LAMR

Key Points

• Deutsche Bank AG significantly reduced its holdings in Lamar Advertising Company by 78.9% in the first quarter, now owning only 14,601 shares valued at approximately $1.66 million.
• Several institutional investors have adjusted their stakes, with some increasing their holdings significantly, including HHM Wealth Advisors raising its stake by 26,900%.
• Lamar Advertising reported strong quarterly earnings, with an EPS of $2.22 surpassing estimates, and has a target EPS range set for FY 2025 between $6.090 and $6.11.

Deutsche Bank AG reduced its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 78.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,601 shares of the real estate investment trust's stock after selling 54,537 shares during the period. Deutsche Bank AG's holdings in Lamar Advertising were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in Lamar Advertising by 1.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust's stock valued at $867,000 after acquiring an additional 81 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 shares during the last quarter. First Manhattan CO. LLC. boosted its holdings in Lamar Advertising by 0.3% in the fourth quarter. First Manhattan CO. LLC. now owns 28,765 shares of the real estate investment trust's stock valued at $3,502,000 after acquiring an additional 100 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in Lamar Advertising by 2.7% in the first quarter. Gilbert & Cook Inc. now owns 4,455 shares of the real estate investment trust's stock valued at $507,000 after acquiring an additional 117 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its holdings in Lamar Advertising by 8.0% in the first quarter. Prosperity Consulting Group LLC now owns 2,014 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 149 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Trading Down 1.1%

LAMR traded down $1.42 during trading on Thursday, hitting $126.13. The company's stock had a trading volume of 421,522 shares, compared to its average volume of 819,323. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The stock's fifty day moving average price is $123.18 and its 200-day moving average price is $119.12. The firm has a market capitalization of $12.77 billion, a P/E ratio of 29.33 and a beta of 1.36.

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

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $1.55 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 4.9%. Lamar Advertising's payout ratio is 144.19%.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LAMR shares. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $134.20.

Lamar Advertising 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.