Northern Trust Corp Grows Stock Position in Lamar Advertising Company $LAMR

Key Points

• Northern Trust Corp increased its stake in Lamar Advertising Company by 0.4%, owning 1,282,892 shares valued at approximately $145.97 million by the end of the most recent reporting period.
• Lamar Advertising's stock saw a rise of 3.6% and has a market capitalization of $12.83 billion, with a P/E ratio of 29.48.
• Analysts have varying ratings on the stock, with two recommending Buy and three giving a Hold rating, reflecting a consensus average price target of $134.20.

Northern Trust Corp increased its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,282,892 shares of the real estate investment trust's stock after buying an additional 4,495 shares during the quarter. Northern Trust Corp owned about 1.25% of Lamar Advertising worth $145,967,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LAMR. GeoWealth Management LLC increased its stake in shares of Lamar Advertising by 100.8% in the fourth quarter. GeoWealth Management LLC now owns 773 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 388 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Lamar Advertising by 1.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust's stock valued at $867,000 after purchasing an additional 81 shares during the last quarter. Stifel Financial Corp grew its position in Lamar Advertising by 26.1% during the 4th quarter. Stifel Financial Corp now owns 45,933 shares of the real estate investment trust's stock worth $5,592,000 after purchasing an additional 9,511 shares during the period. Hsbc Holdings PLC grew its position in Lamar Advertising by 19.1% during the 4th quarter. Hsbc Holdings PLC now owns 16,988 shares of the real estate investment trust's stock worth $2,055,000 after purchasing an additional 2,729 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Lamar Advertising by 1.1% during the 4th quarter. Voya Investment Management LLC now owns 70,316 shares of the real estate investment trust's stock valued at $8,560,000 after buying an additional 774 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.99% of the company's stock.

Lamar Advertising Price Performance

NASDAQ LAMR traded down $2.09 during trading hours on Thursday, reaching $125.46. The company's stock had a trading volume of 54,163 shares, compared to its average volume of 627,986. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 29.15 and a beta of 1.36. The company's 50-day moving average is $123.05 and its two-hundred day moving average is $119.14. 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 Company has a 1-year low of $99.84 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating the consensus estimate of $1.48 by $0.74. The company had revenue of $579.31 million for the quarter, compared to analyst estimates 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 predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.9%. Lamar Advertising's dividend payout ratio is presently 144.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LAMR. Wells Fargo & Company lowered their target price on 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. lowered their price objective on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Morgan Stanley raised their price objective 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. Finally, Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their target price for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lamar Advertising currently has an average rating of "Hold" and a consensus price target of $134.20.

Lamar Advertising Company 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.