Semmax Financial Advisors Inc. Grows Holdings 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. increased its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,432 shares of the real estate investment trust's stock after purchasing an additional 4,850 shares during the quarter. Lamar Advertising makes up approximately 1.3% of Semmax Financial Advisors Inc.'s portfolio, making the stock its 22nd biggest holding. Semmax Financial Advisors Inc.'s holdings in Lamar Advertising were worth $4,988,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. boosted its position 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 purchasing an additional 94 shares during the period. Golden State Wealth Management LLC bought a new position in Lamar Advertising during the first quarter worth about $28,000. Farther Finance Advisors LLC boosted its position in shares of Lamar Advertising by 101.2% in 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 acquiring an additional 1,230 shares during the period. SG Americas Securities LLC bought a new position in shares of Lamar Advertising in the first quarter valued at approximately $1,007,000. Finally, Fifth Third Bancorp boosted its position 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 acquiring an additional 475 shares during the period. Institutional investors own 93.78% of the company's stock.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Lamar Advertising Stock Down 0.9%

Shares of LAMR traded down $1.22 during trading hours on Friday, hitting $127.60. The company had a trading volume of 298,934 shares, compared to its average volume of 623,713. The firm has a fifty day moving average price of $124.31 and a 200-day moving average price of $119.13. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly 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 return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising's payout ratio is currently 144.19%.

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.