Revisor Wealth Management LLC Makes New $658,000 Investment in Lamar Advertising Company $LAMR

Key Points

• Revisor Wealth Management LLC made a significant $658,000 investment in Lamar Advertising Company during the second quarter, acquiring 5,252 shares of the stock.
• Several hedge funds have also increased their stakes in Lamar Advertising, leading to approximately 93.78% of the company's stock now owned by institutional investors.
• The company announced a quarterly dividend of $1.55 per share, which will be paid at the end of September, translating to an annualized dividend yield of 5.0%.

Revisor Wealth Management LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,252 shares of the real estate investment trust's stock, valued at approximately $658,000.

Several other hedge funds also recently bought and sold shares of LAMR. 1248 Management LLC acquired a new stake in Lamar Advertising in the first quarter worth $26,000. Golden State Wealth Management LLC acquired a new stake in Lamar Advertising in the first quarter worth $28,000. HHM Wealth Advisors LLC raised its holdings in Lamar Advertising by 26,900.0% in the first 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 period. ST Germain D J Co. Inc. raised its holdings in Lamar Advertising by 346.0% in the first 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 period. Finally, Truvestments Capital LLC raised its holdings in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 140 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LAMR. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. 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 report on Monday, August 4th. JPMorgan Chase & Co. dropped their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, Wells Fargo & Company dropped 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 report on Monday, August 11th. 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, Lamar Advertising has a consensus rating of "Hold" and an average price target of $134.20.

Lamar Advertising Stock Up 0.4%

Lamar Advertising stock opened at $124.23 on Tuesday. The firm has a market capitalization of $12.57 billion, a PE ratio of 28.89 and a beta of 1.38. The company's 50-day moving average is $124.52 and its 200-day moving average is $119.17. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. 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 released its quarterly earnings data 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. The company had revenue of $579.31 million for the quarter, compared to analyst estimates 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. Sell-side analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a dividend yield of 5.0%. Lamar Advertising's payout ratio is presently 144.19%.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.