Lamar Advertising Company $LAMR Stake Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its stake in Lamar Advertising Company by 5.9%, owning approximately $195.07 million worth of shares following the sale of 107,050 shares.
• Analysts have mixed ratings on Lamar Advertising, with a consensus rating of Hold and a target price averaging $134.20, as companies like Citigroup upgraded their rating to Buy.
• Lamar Advertising reported quarterly earnings of $2.22 per share, significantly beating analysts' expectations, and provided an EPS guidance of 6.09-6.11 for fiscal year 2025.

Wellington Management Group LLP cut its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,714,457 shares of the real estate investment trust's stock after selling 107,050 shares during the period. Wellington Management Group LLP owned 1.67% of Lamar Advertising worth $195,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Lamar Advertising in the 1st quarter valued at $28,000. HHM Wealth Advisors LLC grew its position in Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 269 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of 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 valued at $32,000 after purchasing an additional 218 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Lamar Advertising during the 1st quarter worth $60,000. Hedge funds and other institutional investors own 93.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LAMR shares. Morgan Stanley raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Wells Fargo & Company decreased their target price on 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. 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 research note on Monday, August 11th. Finally, Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $134.20.

Lamar Advertising Trading Up 3.6%

Shares of NASDAQ LAMR traded up $4.36 during midday trading on Friday, reaching $126.78. 824,864 shares of the stock were exchanged, compared to its average volume of 756,162. The company has a market capitalization of $12.83 billion, a P/E ratio of 29.48 and a beta of 1.36. The stock has a 50 day moving average price of $122.66 and a 200-day moving average price of $119.10. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. 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 (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 the consensus estimate of $1.48 by $0.74. The company had revenue of $579.31 million during the quarter, compared to analysts' expectations 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. Equities research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

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.