Charles Schwab Investment Management Inc. Grows Stake in Lamar Advertising (NASDAQ:LAMR)

Charles Schwab Investment Management Inc. lifted its position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,093,096 shares of the real estate investment trust's stock after purchasing an additional 39,845 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of Lamar Advertising worth $146,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LAMR. Dimensional Fund Advisors LP grew its position in Lamar Advertising by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust's stock valued at $159,283,000 after purchasing an additional 75,955 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Lamar Advertising by 81.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust's stock valued at $112,052,000 after buying an additional 420,311 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Lamar Advertising by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 566,644 shares of the real estate investment trust's stock valued at $67,664,000 after acquiring an additional 22,382 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Lamar Advertising by 2.0% in the 3rd quarter. Boston Trust Walden Corp now owns 407,813 shares of the real estate investment trust's stock worth $54,484,000 after acquiring an additional 8,135 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Lamar Advertising by 3.8% in the 2nd quarter. Raymond James & Associates now owns 370,275 shares of the real estate investment trust's stock valued at $44,259,000 after acquiring an additional 13,444 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. TD Cowen lifted their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Wells Fargo & Company dropped their price target on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com cut Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $132.40.

Lamar Advertising Stock Performance

NASDAQ LAMR traded up $3.07 on Monday, hitting $133.42. 586,627 shares of the company traded hands, compared to its average volume of 407,871. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The business's 50 day moving average price is $132.41 and its 200-day moving average price is $123.82. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 26.55 and a beta of 1.52. Lamar Advertising has a 52-week low of $97.54 and a 52-week high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). The firm had revenue of $564.10 million for the quarter, compared to analysts' expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. Lamar Advertising's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. Equities analysts expect that Lamar Advertising will post 7.52 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th were given a dividend of $1.40 per share. This is an increase from Lamar Advertising's previous quarterly dividend of $1.30. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Wednesday, September 18th. Lamar Advertising's dividend payout ratio is currently 112.00%.

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.