Lamar Advertising Company $LAMR Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in Lamar Advertising Company by 78.5%, selling 16,651 shares during the first quarter, leaving it with 4,567 shares valued at $520,000.
• Lamar Advertising reported an EPS of $2.22 for the last quarter, beating the consensus estimate by $0.74, although its revenue fell short of expectations at $579.31 million.
• The company announced a quarterly dividend of $1.55 per share, representing a dividend yield of 4.8%, with the payout ratio reported at 144.19%.

Nomura Holdings Inc. cut its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 78.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,567 shares of the real estate investment trust's stock after selling 16,651 shares during the quarter. Nomura Holdings Inc.'s holdings in Lamar Advertising were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LAMR. Nuveen LLC purchased a new position in Lamar Advertising during the first quarter worth about $40,699,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Lamar Advertising by 181.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 363,949 shares of the real estate investment trust's stock worth $41,410,000 after buying an additional 234,735 shares during the period. Easterly Investment Partners LLC grew its stake in shares of Lamar Advertising by 269.4% in the first quarter. Easterly Investment Partners LLC now owns 158,733 shares of the real estate investment trust's stock valued at $18,061,000 after buying an additional 115,762 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Lamar Advertising by 39.8% in the fourth quarter. Nuveen Asset Management LLC now owns 313,629 shares of the real estate investment trust's stock valued at $38,181,000 after buying an additional 89,236 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Lamar Advertising by 10,231.4% in the 1st quarter. GAMMA Investing LLC now owns 78,622 shares of the real estate investment trust's stock valued at $8,946,000 after buying an additional 77,861 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.99% of the stock is owned by corporate insiders.

Lamar Advertising Stock Down 0.0%

NASDAQ:LAMR traded down $0.01 during trading hours on Friday, hitting $128.00. The company's stock had a trading volume of 338,669 shares, compared to its average volume of 726,436. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $12.96 billion, a P/E ratio of 29.77 and a beta of 1.38. The stock has a fifty day moving average of $123.94 and a 200-day moving average of $118.93.

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 (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analysts' expectations 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. On average, equities analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising's payout ratio is presently 144.19%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LAMR shares. Morgan Stanley lifted their target price 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. Wells Fargo & Company cut 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. JPMorgan Chase & Co. decreased 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. Finally, Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $134.20.

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.