Lamar Advertising Company $LAMR Shares Sold by DSM Capital Partners LLC

Key Points

• DSM Capital Partners LLC reduced its stake in Lamar Advertising by 47.4% in Q2, owning 7,585 shares after selling 6,830 shares.
• In recent insider activity, CFO Jay Lecoryelle Johnson sold 22,000 shares for around $2.7 million on August 22nd.
• Lamar Advertising declared a quarterly dividend of $1.55, equating to an annualized yield of 5.3%, but has a high dividend payout ratio of 144.19%.

DSM Capital Partners LLC decreased its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 47.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,585 shares of the real estate investment trust's stock after selling 6,830 shares during the quarter. DSM Capital Partners LLC's holdings in Lamar Advertising were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LAMR. 1248 Management LLC purchased a new position in Lamar Advertising during the first quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new position in Lamar Advertising during the second quarter valued at approximately $28,000. Golden State Wealth Management LLC purchased a new position in Lamar Advertising during the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC raised its position in Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC raised its position in Lamar Advertising by 79.5% during the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Insider Activity at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction 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 at the SEC website. 14.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on LAMR. Wells Fargo & Company cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Morgan Stanley boosted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Lamar Advertising in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.20.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $117.32 on Friday. The stock's fifty day moving average is $123.73 and its two-hundred day moving average is $119.82. The firm has a market capitalization of $11.88 billion, a P/E ratio of 27.28 and a beta of 1.37. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. 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 released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company 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, research 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising's dividend payout ratio is 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.

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