Stephens Inc. AR Boosts Stock Holdings in Lamar Advertising Company $LAMR

Key Points

• Stephens Inc. AR increased its holdings in Lamar Advertising by 9.9% in Q2, owning a total of 30,586 shares valued at approximately $3.71 million.
• Lamar Advertising reported strong Q2 earnings, with earnings per share of $2.22, exceeding estimates by $0.74, and set FY 2025 guidance for 6.090-6.11 EPS.
• The company recently declared a quarterly dividend of $1.55, representing an annualized dividend yield of 5.1% and a payout ratio of 144.19%.

Stephens Inc. AR grew its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,586 shares of the real estate investment trust's stock after buying an additional 2,744 shares during the quarter. Stephens Inc. AR's holdings in Lamar Advertising were worth $3,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LAMR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lamar Advertising by 17.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,394 shares of the real estate investment trust's stock valued at $4,824,000 after buying an additional 6,171 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Lamar Advertising by 67.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,057 shares of the real estate investment trust's stock valued at $575,000 after buying an additional 2,033 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Lamar Advertising by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 16,940 shares of the real estate investment trust's stock valued at $1,927,000 after purchasing an additional 560 shares during the period. Asset Management One Co. Ltd. lifted its position in Lamar Advertising by 19.1% during the first quarter. Asset Management One Co. Ltd. now owns 157,173 shares of the real estate investment trust's stock valued at $17,883,000 after purchasing an additional 25,259 shares during the period. Finally, Berry Wealth Group LP bought a new position in Lamar Advertising during the first quarter valued at approximately $253,000. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Stock Up 0.8%

LAMR opened at $121.11 on Wednesday. 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 1-year low of $99.84 and a 1-year high of $137.47. The company has a market capitalization of $12.26 billion, a PE ratio of 28.17 and a beta of 1.37. The firm's 50 day simple moving average is $123.57 and its two-hundred day simple moving average is $120.25.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released 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 net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million for 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. As a group, equities analysts forecast 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.1%. Lamar Advertising's dividend payout ratio is 144.19%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LAMR. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Morgan Stanley increased their price objective 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. Weiss Ratings restated a "buy (b-)" rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $134.20.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.99% of the stock is currently owned by company insiders.

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.

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