Markel Group Inc. Purchases 13,000 Shares of Lamar Advertising Company (NASDAQ:LAMR)

Markel Group Inc. increased its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,000 shares of the real estate investment trust's stock after acquiring an additional 13,000 shares during the quarter. Markel Group Inc. owned about 0.13% of Lamar Advertising worth $15,588,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LAMR. Golden State Wealth Management LLC purchased a new position in shares of Lamar Advertising in the 1st quarter worth about $28,000. Bessemer Group Inc. grew its holdings in shares of Lamar Advertising by 106.7% in the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 143 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in Lamar Advertising by 346.0% during the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Lamar Advertising in the 1st quarter worth about $60,000. Finally, McIlrath & Eck LLC raised its position in shares of Lamar Advertising by 175.1% in the 4th quarter. McIlrath & Eck LLC now owns 707 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 450 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price target for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $134.00.

Lamar Advertising Stock Performance

Lamar Advertising stock opened at $125.51 on Friday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 30.46 and a beta of 1.33. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average price of $120.59 and a 200 day moving average price of $119.27. 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 announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. The business had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. Equities 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 Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $1.55 per share. The ex-dividend date was Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a yield of 4.94%. Lamar Advertising's dividend payout ratio (DPR) is presently 150.49%.

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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