Endeavor Private Wealth Inc. Increases Stock Position in Lamar Advertising Company (NASDAQ:LAMR)

Key Points

• Endeavor Private Wealth Inc. increased its stakes in Lamar Advertising by 376.2% during the first quarter, owning 4,986 shares valued at approximately $567,000.
• Analysts have varied perspectives on Lamar Advertising, with Citigroup raising its price target to $135.00, while Morgan Stanley reduced theirs to $125.00, showing a consensus rating of Hold.
• Lamar Advertising recently announced a quarterly dividend of $1.55, resulting in a significant annualized yield of 5.1%, although its dividend payout ratio is notably high at 150.49%.

Endeavor Private Wealth Inc. increased its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 376.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,986 shares of the real estate investment trust's stock after purchasing an additional 3,939 shares during the period. Endeavor Private Wealth Inc.'s holdings in Lamar Advertising were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in shares of Lamar Advertising by 11.2% in the 4th quarter. LPL Financial LLC now owns 94,019 shares of the real estate investment trust's stock valued at $11,446,000 after purchasing an additional 9,455 shares in the last quarter. Blair William & Co. IL boosted its position in Lamar Advertising by 9.8% during the fourth quarter. Blair William & Co. IL now owns 5,295 shares of the real estate investment trust's stock valued at $645,000 after purchasing an additional 472 shares in the last quarter. Norges Bank purchased a new position in Lamar Advertising in the fourth quarter valued at about $57,255,000. Pictet Asset Management Holding SA lifted its position in shares of Lamar Advertising by 9.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,042 shares of the real estate investment trust's stock valued at $1,466,000 after buying an additional 1,087 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Lamar Advertising by 3.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,907 shares of the real estate investment trust's stock valued at $841,000 after buying an additional 226 shares in the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 2.3%

Lamar Advertising stock traded up $2.80 during trading on Monday, hitting $123.71. The company had a trading volume of 382,426 shares, compared to its average volume of 423,686. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.89. The company's 50 day simple moving average is $122.16 and its 200-day simple moving average is $119.54. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.88. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 30.03 and a beta of 1.36.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $505.43 million during the quarter, compared to analysts' expectations of $509.72 million. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. As a group, analysts expect that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $1.55 dividend. The ex-dividend date was Monday, June 16th. This represents a $6.20 annualized dividend and a yield of 5.0%. Lamar Advertising's dividend payout ratio is 150.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price objective for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $136.00.

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.