Hsbc Holdings PLC Increases Holdings in Lamar Advertising Company $LAMR

Key Points

• Hsbc Holdings PLC increased its stake in Lamar Advertising Company by 232.3%, holding approximately $6.38 million worth of shares after acquiring an additional 39,468 shares during the 1st quarter.
• Institutional investors and hedge funds currently own 93.78% of Lamar Advertising's stock, indicating significant outside interest in the company.
• Lamar Advertising reported earnings of $2.22 per share in its latest quarterly results, exceeding analyst estimates by $0.74, while setting an FY 2025 guidance of 6.090-6.11 EPS.

Hsbc Holdings PLC boosted its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 232.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,456 shares of the real estate investment trust's stock after purchasing an additional 39,468 shares during the period. Hsbc Holdings PLC owned 0.06% of Lamar Advertising worth $6,378,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Lamar Advertising during the 1st quarter worth approximately $28,000. HHM Wealth Advisors LLC boosted its stake in Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 269 shares during the period. ST Germain D J Co. Inc. increased its holdings in shares of Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 218 shares during the period. Bessemer Group Inc. raised its stake in Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 94 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Lamar Advertising in the 1st quarter worth approximately $60,000. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

LAMR stock traded up $1.12 during midday trading on Friday, reaching $127.25. 497,449 shares of the company's stock traded hands, compared to its average volume of 788,837. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The stock has a market cap of $12.88 billion, a P/E ratio of 29.59 and a beta of 1.38. The stock's 50-day moving average is $123.32 and its 200 day moving average is $119.02.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, analysts anticipate 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. Stockholders of record on Friday, September 19th will be paid a $1.55 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 annualized dividend and a dividend yield of 4.9%. Lamar Advertising's dividend payout ratio (DPR) is 144.19%.

Analysts Set New Price Targets

Several research firms have recently commented on LAMR. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Lamar Advertising presently has an average rating of "Hold" and a consensus target price of $134.20.

Insider Buying and Selling at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business's stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.99% of the stock is currently owned by insiders.

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.