Lamar Advertising Company $LAMR Shares Sold by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP significantly reduced its stake in Lamar Advertising Company by 66.4%, now owning 3,600 shares valued at $410,000 after selling 7,100 shares in the first quarter.
• Company CFO Jay Lecoryelle Johnson sold 22,000 shares for $2.73 million, indicating notable insider trading activity.
• Analysts have mixed views on Lamar Advertising, with price target revisions ranging from $119.00 to $135.00, while the company's stock currently has a consensus rating of "Hold".

Militia Capital Partners LP cut its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 66.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the real estate investment trust's stock after selling 7,100 shares during the period. Militia Capital Partners LP's holdings in Lamar Advertising were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LAMR. Hamlin Capital Management LLC lifted its stake in Lamar Advertising by 3.4% during the 1st quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust's stock valued at $149,225,000 after acquiring an additional 43,081 shares during the period. Northern Trust Corp increased its holdings in Lamar Advertising by 0.4% in 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 acquiring an additional 4,495 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Lamar Advertising by 0.7% during the first 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 acquiring an additional 7,426 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Lamar Advertising by 5.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock worth $104,431,000 after purchasing an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Lamar Advertising by 4.3% in 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. Hedge funds and other institutional investors own 93.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. JPMorgan Chase & Co. reduced their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, Morgan Stanley boosted 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 note on Monday, August 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $134.20.

Insiders Place Their Bets

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.99% of the stock is owned by insiders.

Lamar Advertising Stock Performance

Shares of LAMR stock traded up $1.28 during trading hours on Wednesday, reaching $127.64. 142,698 shares of the company's stock were exchanged, compared to its average volume of 621,531. The company has a market cap of $12.92 billion, a P/E ratio of 29.68 and a beta of 1.38. The company's 50 day moving average is $124.55 and its two-hundred day moving average is $119.17. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising's dividend payout ratio (DPR) is presently 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.