Lamar Advertising Company $LAMR Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,449 shares of the real estate investment trust's stock after selling 4,724 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Lamar Advertising worth $18,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Hamlin Capital Management LLC boosted its stake in Lamar Advertising by 2.1% in the 2nd quarter. Hamlin Capital Management LLC now owns 1,338,419 shares of the real estate investment trust's stock worth $162,431,000 after purchasing an additional 26,893 shares in the last quarter. Northern Trust Corp raised its position in Lamar Advertising by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock worth $145,967,000 after buying an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lamar Advertising by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust's stock worth $126,258,000 after buying an additional 7,426 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 5.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock worth $104,431,000 after buying an additional 50,004 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Lamar Advertising by 4.3% during the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock worth $76,698,000 after buying an additional 27,823 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target 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 raised their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Weiss Ratings reissued a "buy (b-)" rating on shares of Lamar Advertising in a research report on Saturday. Finally, JPMorgan Chase & Co. reduced their price target 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $134.20.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $120.19 on Friday. 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 $12.17 billion, a price-to-earnings ratio of 27.95 and a beta of 1.37. The company has a 50 day moving average price of $123.48 and a 200-day moving average price of $120.61. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $137.30.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating 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. Equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising's payout ratio is 144.19%.

Insider Buying and Selling

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.99% of the company's stock.

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.

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