Wealth Enhancement Advisory Services LLC Has $7.52 Million Position in Lamar Advertising Company $LAMR

Key Points

• Wealth Enhancement Advisory Services LLC increased its investment in Lamar Advertising Company by 42.8%, holding approximately $7.52 million worth of stock as of the end of Q2.
• Lamar Advertising's recent earnings report showed an EPS of $2.22, exceeding analysts' expectations of $1.48, while the company forecasts a FY 2025 EPS of 6.090-6.11.
• The company announced a quarterly dividend of $1.55, yielding 5.0%, with a payout ratio currently at 144.19%.

Wealth Enhancement Advisory Services LLC boosted its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,551 shares of the real estate investment trust's stock after purchasing an additional 18,157 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Lamar Advertising worth $7,522,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LAMR. ProShare Advisors LLC grew its position in Lamar Advertising by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 4,114 shares of the real estate investment trust's stock valued at $501,000 after purchasing an additional 283 shares during the period. Tidal Investments LLC boosted its holdings in Lamar Advertising by 125.0% during the 4th quarter. Tidal Investments LLC now owns 3,443 shares of the real estate investment trust's stock worth $419,000 after acquiring an additional 1,913 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Lamar Advertising by 22.7% during the 4th quarter. Two Sigma Advisers LP now owns 10,800 shares of the real estate investment trust's stock worth $1,315,000 after acquiring an additional 2,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Lamar Advertising by 15.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 272,633 shares of the real estate investment trust's stock worth $33,190,000 after acquiring an additional 37,366 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Lamar Advertising by 31.3% during the 4th quarter. Mackenzie Financial Corp now owns 109,479 shares of the real estate investment trust's stock worth $13,328,000 after acquiring an additional 26,103 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Insider Transactions at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was 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 SEC, which is available through this link. Corporate insiders own 14.99% of the company's stock.

Lamar Advertising Trading Up 0.1%

NASDAQ LAMR opened at $124.33 on Wednesday. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 28.91 and a beta of 1.38. Lamar Advertising Company has a one year low of $99.84 and a one year 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. The business's fifty day moving average is $124.54 and its 200-day moving average is $119.21.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced 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. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million for the quarter, compared to analysts' expectations 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, September 19th. Lamar Advertising's payout ratio is currently 144.19%.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut 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. 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 report on Monday, August 4th. Wells Fargo & Company cut 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. Finally, Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lamar Advertising currently has an average rating of "Hold" and a consensus target price 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.

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