Focus Partners Advisor Solutions LLC acquired a new position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,313 shares of the real estate investment trust's stock, valued at approximately $263,000.
Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after buying an additional 94 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Lamar Advertising during the 1st quarter valued at about $28,000. Farther Finance Advisors LLC raised its position in 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 worth $277,000 after acquiring an additional 1,230 shares during the last quarter. SG Americas Securities LLC acquired a new position in Lamar Advertising during the first quarter worth about $1,007,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Lamar Advertising by 9.3% in the first quarter. Fifth Third Bancorp now owns 5,584 shares of the real estate investment trust's stock valued at $635,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.
Lamar Advertising Stock Down 0.9%
NASDAQ:LAMR traded down $1.22 during mid-day trading on Friday, reaching $127.60. The stock had a trading volume of 298,934 shares, compared to its average volume of 624,994. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. The stock's 50 day simple moving average is $124.38 and its two-hundred day simple moving average is $119.14. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Equities analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.
Lamar Advertising Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $1.55 dividend. The ex-dividend date is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a yield of 4.9%. Lamar Advertising's dividend payout ratio is currently 144.19%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LAMR. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Wells Fargo & Company cut their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Morgan Stanley increased their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Lamar Advertising presently has an average rating of "Hold" and an average price target of $134.20.
Check Out Our Latest Stock Analysis on Lamar Advertising
Insider Activity
In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 14.99% of the company's stock.
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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
