Empowered Funds LLC Has $4.43 Million Stake in Lamar Advertising Company $LAMR

Key Points

• Empowered Funds LLC increased its stake in Lamar Advertising Company shares by 24.9% in Q1, bringing its total holdings to 38,906 shares valued at approximately $4.43 million.
• Analysts have mixed opinions on Lamar Advertising, with Citigroup upgrading it from "neutral" to "buy" and raising the price target, while JPMorgan and Wells Fargo have reduced their targets, indicating a cautious outlook.
• Lamar Advertising recently reported quarterly earnings of $2.22 per share, exceeding expectations, and announced a quarterly dividend of $1.55 per share, reflecting a dividend yield of 4.9%.

Empowered Funds LLC grew its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,906 shares of the real estate investment trust's stock after acquiring an additional 7,751 shares during the quarter. Empowered Funds LLC's holdings in Lamar Advertising were worth $4,427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of Lamar Advertising by 33.9% during 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 period. Golden State Wealth Management LLC acquired a new position in shares of Lamar Advertising during the first quarter valued at $28,000. Farther Finance Advisors LLC boosted its holdings in shares of Lamar Advertising by 101.2% during the first quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after acquiring an additional 1,230 shares during the period. SG Americas Securities LLC acquired a new position in shares of Lamar Advertising during the first quarter valued at $1,007,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Lamar Advertising by 9.3% during the first quarter. Fifth Third Bancorp now owns 5,584 shares of the real estate investment trust's stock valued at $635,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Price Performance

NASDAQ LAMR traded down $1.38 on Tuesday, reaching $126.36. The company's stock had a trading volume of 941,665 shares, compared to its average volume of 624,532. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88. 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 stock has a market cap of $12.79 billion, a PE ratio of 29.39 and a beta of 1.38. The firm's 50 day moving average is $124.49 and its two-hundred day moving average is $119.12.

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 (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

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

Analyst Ratings Changes

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

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 14.99% of the company's stock.

About Lamar Advertising

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.