Makaira Partners LLC cut its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,483 shares of the real estate investment trust's stock after selling 188,415 shares during the period. Lamar Advertising accounts for approximately 10.1% of Makaira Partners LLC's investment portfolio, making the stock its 5th biggest holding. Makaira Partners LLC owned about 0.52% of Lamar Advertising worth $64,581,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in LAMR. JPMorgan Chase & Co. lifted its position in shares of Lamar Advertising by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock worth $200,093,000 after buying an additional 90,933 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Lamar Advertising during the 4th quarter worth approximately $5,639,000. Avior Wealth Management LLC lifted its position in shares of Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after buying an additional 84 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Lamar Advertising by 40.4% during the 4th quarter. Fifth Third Bancorp now owns 5,109 shares of the real estate investment trust's stock worth $622,000 after buying an additional 1,471 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Lamar Advertising by 14.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,192 shares of the real estate investment trust's stock worth $267,000 after buying an additional 277 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Lamar Advertising Price Performance
Shares of LAMR traded up $0.73 during mid-day trading on Friday, reaching $120.41. 878,191 shares of the stock traded hands, compared to its average volume of 517,244. The firm has a fifty day moving average price of $113.45 and a 200 day moving average price of $120.75. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 34.11 and a beta of 1.38. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 1 year low of $99.84 and a 1 year high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The firm had revenue of $505.43 million during the quarter, compared to analyst estimates of $509.72 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. As a group, equities research analysts predict that Lamar Advertising will post 7.92 earnings per share for the current year.
Lamar Advertising Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Monday, June 16th. Lamar Advertising's dividend payout ratio (DPR) is 150.49%.
Wall Street Analysts Forecast Growth
LAMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Morgan Stanley dropped their target price on shares of Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $114.00 to $135.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lamar Advertising has an average rating of "Hold" and a consensus price target of $134.00.
Get Our Latest Stock Analysis on LAMR
Lamar Advertising Company Profile
(
Free Report)
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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