Pensionfund Sabic Buys 3,500 Shares of Lamar Advertising Company $LAMR

Key Points

• Pensionfund Sabic increased its stake in Lamar Advertising Company (NASDAQ:LAMR) by 83.3%, now holding 7,700 shares worth $876,000.
• Several institutional investors have boosted their positions in Lamar Advertising, with AQR Capital Management increasing its holdings by 426.0%.
• Lamar Advertising announced a quarterly dividend of $1.55 per share, representing an annualized dividend of $6.20 and a yield of 4.9%.

Pensionfund Sabic boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 83.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,700 shares of the real estate investment trust's stock after buying an additional 3,500 shares during the period. Pensionfund Sabic's holdings in Lamar Advertising were worth $876,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Lamar Advertising in the first quarter valued at about $28,000. Farther Finance Advisors LLC raised its holdings in shares of Lamar Advertising by 101.2% in the first quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 1,230 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Lamar Advertising in the first quarter valued at about $1,007,000. Finally, Fifth Third Bancorp raised its holdings in shares of Lamar Advertising by 9.3% in the first quarter. Fifth Third Bancorp now owns 5,584 shares of the real estate investment trust's stock valued at $635,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Wall Street Analyst Weigh In

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

Lamar Advertising Trading Down 0.4%

LAMR stock traded down $0.50 during mid-day trading on Friday, reaching $123.27. The company's stock had a trading volume of 188,798 shares, compared to its average volume of 620,285. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 28.62 and a beta of 1.38. The business's 50 day moving average price is $124.59 and its 200 day moving average price is $119.23. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $139.88.

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 EPS for the quarter, beating the consensus estimate of $1.48 by $0.74. The firm 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. On average, equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The firm 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 $1.55 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.0%. Lamar Advertising's payout ratio is currently 144.19%.

Insiders Place Their Bets

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

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.