Osterweis Capital Management Inc. Has $23.29 Million Holdings in Lamar Advertising Company $LAMR

Key Points

• Osterweis Capital Management Inc. increased its stake in Lamar Advertising by 1.8%, purchasing an additional 3,623 shares, bringing total ownership to 204,677 shares valued at approximately $23.3 million.
• Several other institutional investors, including HHM Wealth Advisors LLC and ST Germain D J Co. Inc., significantly increased their positions in Lamar Advertising in the first quarter, resulting in 93.78% of the stock being held by institutional investors.
• Lamar Advertising announced a quarterly dividend of $1.55 per share, which will be paid on September 30, representing a 4.8% dividend yield with a payout ratio of 144.19%.

Osterweis Capital Management Inc. increased its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,677 shares of the real estate investment trust's stock after buying an additional 3,623 shares during the quarter. Osterweis Capital Management Inc. owned 0.20% of Lamar Advertising worth $23,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Hamlin Capital Management LLC increased its stake in shares of Lamar Advertising by 3.4% in the first quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust's stock worth $149,225,000 after acquiring an additional 43,081 shares during the last quarter. Northern Trust Corp lifted its stake in Lamar Advertising by 0.4% in the first quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock valued at $145,967,000 after acquiring an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Lamar Advertising by 0.7% in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Lamar Advertising by 5.8% during the 1st 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 during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Lamar Advertising by 4.3% during the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock valued at $76,698,000 after purchasing an additional 27,823 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR traded up $1.31 during trading hours on Wednesday, reaching $127.67. The stock had a trading volume of 141,226 shares, compared to its average volume of 621,531. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 29.65 and a beta of 1.38. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88. The business's fifty day moving average is $124.55 and its two-hundred day moving average is $119.17. 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 announced its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. The company had revenue of $579.31 million during the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts expect 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 issued a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising's dividend payout ratio (DPR) is presently 144.19%.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 is available at the SEC website. Corporate insiders own 14.99% of the company's stock.

Analyst Ratings Changes

LAMR has been the subject of a number of analyst reports. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Morgan Stanley raised their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price 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, 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 note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.