Dimensional Fund Advisors LP Sells 16,805 Shares of Lamar Advertising Company $LAMR

Key Points

• Dimensional Fund Advisors LP reduced its shares in Lamar Advertising Company by 1.3%, selling 16,805 shares during the first quarter, and now owns approximately 1.27% of the company valued at $148.17 million.
• Analysts have mixed views on Lamar Advertising, with recent target price changes ranging from $119.00 to $135.00, reflecting varying ratings including "neutral" and "buy".
• Lamar Advertising reported $2.22 earnings per share for the quarter, exceeding estimates, with a revenue of $579.31 million, slightly below analyst predictions.

Dimensional Fund Advisors LP lowered its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,302,292 shares of the real estate investment trust's stock after selling 16,805 shares during the quarter. Dimensional Fund Advisors LP owned 1.27% of Lamar Advertising worth $148,170,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LAMR. GeoWealth Management LLC raised its stake in shares of Lamar Advertising by 100.8% in the 4th quarter. GeoWealth Management LLC now owns 773 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 388 shares in the last quarter. Ossiam grew its position in Lamar Advertising by 41.0% in the 4th quarter. Ossiam now owns 1,149 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 334 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Lamar Advertising by 8.2% in the fourth quarter. MetLife Investment Management LLC now owns 53,105 shares of the real estate investment trust's stock valued at $6,465,000 after acquiring an additional 4,032 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Lamar Advertising by 3.7% in the fourth quarter. MML Investors Services LLC now owns 67,411 shares of the real estate investment trust's stock valued at $8,207,000 after acquiring an additional 2,379 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Insider Activity at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LAMR has been the subject of several recent research reports. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and increased their target price for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. JPMorgan Chase & Co. cut their target price on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Morgan Stanley increased their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company lowered their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a research note 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. According to data from MarketBeat.com, Lamar Advertising presently has an average rating of "Hold" and an average price target of $134.20.

Lamar Advertising Price Performance

LAMR traded down $0.31 during midday trading on Tuesday, hitting $125.29. The company had a trading volume of 562,825 shares, compared to its average volume of 789,618. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $12.68 billion, a PE ratio of 29.14 and a beta of 1.36. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88. The firm's 50-day simple moving average is $122.90 and its 200-day simple moving average is $119.08.

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

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.