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

Other large investors have also recently made changes to their positions in the company. Hamlin Capital Management LLC increased its holdings in Lamar Advertising by 3.4% in the 1st 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 in the last quarter. Northern Trust Corp increased its stake in Lamar Advertising by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock worth $145,967,000 after buying an additional 4,495 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lamar Advertising by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust's stock valued at $126,258,000 after acquiring an additional 7,426 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Lamar Advertising by 5.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock valued at $104,431,000 after acquiring an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Lamar Advertising by 4.3% in the first quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock worth $76,698,000 after acquiring an additional 27,823 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 1.1%

LAMR traded down $1.38 on Tuesday, hitting $126.36. The company had a trading volume of 941,665 shares, compared to its average volume of 531,038. The business's fifty day simple moving average is $124.55 and its 200 day simple moving average is $119.17. The company has a quick ratio of 0.58, a current 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. The company has a market cap of $12.79 billion, a PE ratio of 29.39 and a beta of 1.38.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million for 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. Equities research analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The company 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. The ex-dividend date is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a yield of 4.9%. Lamar Advertising's payout ratio is 144.19%.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.99% of the company's stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target 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 reduced their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. JPMorgan Chase & Co. dropped 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, Citigroup upgraded shares of 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 note on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Lamar Advertising presently 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.