United Services Automobile Association Takes Position in Lamar Advertising Company $LAMR

Key Points

• United Services Automobile Association has acquired a new stake in Lamar Advertising Company with the purchase of 5,850 shares valued at approximately $658,000 in the first quarter.
• Insider trading activity included the sale of 22,000 shares by CFO Jay Lecoryelle Johnson, which totaled over $2.7 million, highlighting active management decisions within the company.
• Lamar Advertising recently announced a quarterly dividend of $1.55, with an annualized yield of 4.8%, even as the dividend payout ratio stands at 144.19%.

United Services Automobile Association acquired a new stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,850 shares of the real estate investment trust's stock, valued at approximately $658,000.

Other institutional investors have also modified their holdings of the company. 1248 Management LLC purchased a new stake in shares of Lamar Advertising during the 1st quarter worth $26,000. Golden State Wealth Management LLC purchased a new stake in shares of Lamar Advertising during the 1st quarter worth $28,000. HHM Wealth Advisors LLC lifted its position in shares of Lamar Advertising by 26,900.0% during the 1st 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 last quarter. ST Germain D J Co. Inc. lifted its position in shares of Lamar Advertising by 346.0% during the 1st 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 last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Lamar Advertising by 79.5% during the 1st 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 last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LAMR. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Wells Fargo & Company decreased their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Citigroup upgraded shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research note 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. Based on data from MarketBeat.com, Lamar Advertising has a consensus rating of "Hold" and an average target price of $134.20.

Lamar Advertising Stock Performance

Lamar Advertising stock traded down $0.01 during midday trading on Monday, hitting $127.60. 84,845 shares of the company's stock were exchanged, compared to its average volume of 620,518. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.88. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. The firm's 50 day simple moving average is $124.38 and its 200 day simple moving average is $119.10.

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, 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 company 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. Equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

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 dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising's dividend payout ratio (DPR) is presently 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm's stock in a transaction on 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 SEC, which is available through this hyperlink. Insiders own 14.99% of the company's stock.

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.