Focus Partners Wealth Acquires 2,768 Shares of Lamar Advertising Company $LAMR

Key Points

• Focus Partners Wealth increased its stake in Lamar Advertising Company by 14.6% during the first quarter, bringing its total holdings to $2.47 million comprised of 21,739 shares.
• The company reported $2.22 EPS for the last quarter, exceeding analysts' expectations of $1.48, while also announcing a quarterly dividend of $1.55 per share.
• Research analysts have mixed ratings for LAMR, with two analysts rating it as a "Buy" and three as a "Hold," alongside a consensus target price of $134.20.

Focus Partners Wealth increased its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,739 shares of the real estate investment trust's stock after acquiring an additional 2,768 shares during the period. Focus Partners Wealth's holdings in Lamar Advertising were worth $2,473,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 94 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Lamar Advertising during the first quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings 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 valued at $277,000 after buying an additional 1,230 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Lamar Advertising during the first quarter valued at approximately $1,007,000. Finally, Fifth Third Bancorp increased its stake 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 worth $635,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.99% of the stock is owned by insiders.

Analysts Set New Price Targets

LAMR has been the subject of a number of 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 research note on Monday, August 11th. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. 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 research note on Monday, August 11th. Finally, Morgan Stanley increased their price objective 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. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has an average rating of "Hold" and an average target price of $134.20.

Lamar Advertising Trading Down 1.3%

Shares of Lamar Advertising stock traded down $1.57 during trading on Friday, hitting $123.75. The stock had a trading volume of 999,957 shares, compared to its average volume of 528,267. The firm's fifty day simple moving average is $124.55 and its 200-day simple moving average is $119.24. The stock has a market cap of $12.53 billion, a PE ratio of 28.78 and a beta of 1.38. 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 12 month low of $99.84 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts expect that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business 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 dividend of $1.55 per share. The ex-dividend date is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a yield of 5.0%. Lamar Advertising's dividend payout ratio (DPR) is presently 144.19%.

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.