Northwestern Mutual Wealth Management Co. Purchases 6,510 Shares of Lamar Advertising Company $LAMR

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Lamar Advertising by 61.1% during Q1, holding shares worth approximately $1.95 million as per its latest SEC filing.
• Lamar Advertising reported earnings of $2.22 per share for the latest quarter, significantly beating analyst expectations, and set its FY 2025 EPS guidance in the range of 6.090-6.11.
• The company declared a quarterly dividend of $1.55 per share, which will be paid out on September 30th, reflecting an annualized dividend yield of 4.9%.

Northwestern Mutual Wealth Management Co. lifted its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 61.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,168 shares of the real estate investment trust's stock after purchasing an additional 6,510 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Lamar Advertising were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of Lamar Advertising in the 1st quarter worth about $28,000. HHM Wealth Advisors LLC raised its position in shares of Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 269 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Lamar Advertising by 346.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 218 shares during the last quarter. Bessemer Group Inc. raised its position in Lamar Advertising by 33.9% in the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after buying an additional 94 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Lamar Advertising in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR traded up $0.77 during mid-day trading on Wednesday, reaching $125.83. 127,516 shares of the company traded hands, compared to its average volume of 625,688. The company's 50 day moving average price is $123.52 and its 200-day moving average price is $119.04. The firm has a market cap of $12.74 billion, a PE ratio of 29.22 and a beta of 1.38. 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 52 week low of $99.84 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts expect that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 is Friday, September 19th. Lamar Advertising's dividend payout ratio is presently 144.19%.

Wall Street Analyst Weigh In

LAMR has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price on 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, Morgan Stanley upped their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $134.20.

Insiders Place Their Bets

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 14.99% of the stock is owned by insiders.

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.