Wealth Advisory Solutions LLC Sells 18,744 Shares of Lamar Advertising (NASDAQ:LAMR)

Wealth Advisory Solutions LLC reduced its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 54.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,666 shares of the real estate investment trust's stock after selling 18,744 shares during the period. Wealth Advisory Solutions LLC's holdings in Lamar Advertising were worth $1,665,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LAMR. State of Michigan Retirement System grew its holdings in shares of Lamar Advertising by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 21,038 shares of the real estate investment trust's stock valued at $2,236,000 after buying an additional 100 shares during the period. Toronto Dominion Bank raised its position in shares of Lamar Advertising by 1.2% during the third quarter. Toronto Dominion Bank now owns 9,596 shares of the real estate investment trust's stock worth $801,000 after purchasing an additional 112 shares during the period. First Hawaiian Bank lifted its holdings in shares of Lamar Advertising by 1.5% during the 4th quarter. First Hawaiian Bank now owns 7,924 shares of the real estate investment trust's stock valued at $842,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of Lamar Advertising by 4.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,841 shares of the real estate investment trust's stock valued at $302,000 after purchasing an additional 118 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in shares of Lamar Advertising by 3.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,656 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 124 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $118.97, for a total transaction of $594,850.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company's stock, valued at $1,189,700. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Lamar Advertising news, Director John E. Koerner III sold 17,000 shares of the company's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $120.05, for a total value of $2,040,850.00. Following the transaction, the director now directly owns 32,178 shares of the company's stock, valued at approximately $3,862,968.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jay Lecoryelle Johnson sold 5,000 shares of Lamar Advertising stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $118.97, for a total value of $594,850.00. Following the sale, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $1,189,700. The disclosure for this sale can be found here. 14.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LAMR. JPMorgan Chase & Co. upped their price target on shares of Lamar Advertising from $92.00 to $109.00 and gave the company a "neutral" rating in a report on Monday, February 26th. StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Monday, May 6th. Finally, Morgan Stanley boosted their price objective on shares of Lamar Advertising from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th.

Lamar Advertising Stock Down 0.3 %

Shares of NASDAQ:LAMR traded down $0.31 during midday trading on Friday, reaching $119.91. The company had a trading volume of 232,611 shares, compared to its average volume of 412,652. Lamar Advertising has a 1-year low of $77.21 and a 1-year high of $122.22. The stock has a market cap of $12.26 billion, a PE ratio of 24.62 and a beta of 1.49. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.39. The business's 50 day moving average price is $116.00 and its 200 day moving average price is $107.99.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.71). The company had revenue of $498.15 million for the quarter, compared to the consensus estimate of $496.98 million. Lamar Advertising had a return on equity of 41.86% and a net margin of 23.29%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. Research analysts forecast that Lamar Advertising will post 7.69 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.34%. Lamar Advertising's payout ratio is 106.78%.

About Lamar Advertising

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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