Semmax Financial Advisors Inc. Has $4.99 Million Stake in Lamar Advertising Company $LAMR

Key Points

• Semmax Financial Advisors Inc. has increased its stake in Lamar Advertising Company by 12.6%, purchasing an additional 4,850 shares, bringing its total holdings to 43,432 shares valued at approximately $4.99 million.
• Following several analyst reports, Lamar Advertising has a consensus rating of "Hold" with a price target range varying from $119.00 to $135.00.
• The company announced a quarterly dividend of $1.55 per share, representing a 4.8% yield with an annualized payout of $6.20, despite a payout ratio of 144.19%.

Semmax Financial Advisors Inc. lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,432 shares of the real estate investment trust's stock after purchasing an additional 4,850 shares during the period. Lamar Advertising comprises 1.3% of Semmax Financial Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. Semmax Financial Advisors Inc.'s holdings in Lamar Advertising were worth $4,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew 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 worth $42,000 after purchasing an additional 94 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising during the first quarter worth about $28,000. Farther Finance Advisors LLC grew 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 worth $277,000 after purchasing an additional 1,230 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Lamar Advertising during the first quarter worth about $1,007,000. Finally, Fifth Third Bancorp grew 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 worth $635,000 after purchasing an additional 475 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

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 that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 14.99% of the company's stock.

Lamar Advertising Trading Down 0.9%

Shares of Lamar Advertising stock traded down $1.22 during midday trading on Friday, reaching $127.60. The company had a trading volume of 298,934 shares, compared to its average volume of 560,773. The stock has a fifty day moving average price of $124.38 and a 200 day moving average price of $119.10. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $12.92 billion, a PE ratio of 29.67 and a beta of 1.38. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 4.9%. Lamar Advertising's payout ratio is 144.19%.

Wall Street Analysts Forecast Growth

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

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.