Lanham O Dell & Company Inc. bought a new position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,442 shares of the real estate investment trust's stock, valued at approximately $297,000. Lamar Advertising accounts for approximately 0.2% of Lanham O Dell & Company Inc.'s portfolio, making the stock its 19th biggest holding.
Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Lamar Advertising by 6.3% during the fourth quarter. Jones Financial Companies Lllp now owns 4,911 shares of the real estate investment trust's stock worth $598,000 after acquiring an additional 292 shares during the last quarter. US Bancorp DE boosted its stake in Lamar Advertising by 9.0% in the 4th quarter. US Bancorp DE now owns 8,128 shares of the real estate investment trust's stock valued at $989,000 after purchasing an additional 670 shares during the period. QRG Capital Management Inc. grew its holdings in Lamar Advertising by 25.6% in the 4th quarter. QRG Capital Management Inc. now owns 18,948 shares of the real estate investment trust's stock valued at $2,307,000 after buying an additional 3,864 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Lamar Advertising during the fourth quarter worth $3,557,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Lamar Advertising in the fourth quarter valued at about $368,000. 93.78% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have weighed in on LAMR. Citigroup lifted their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. TD Cowen upped their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com lowered shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Wells Fargo & Company cut their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $134.60.
View Our Latest Stock Analysis on LAMR
Lamar Advertising Price Performance
Shares of NASDAQ LAMR traded down $1.25 during mid-day trading on Thursday, hitting $123.26. 534,541 shares of the stock traded hands, compared to its average volume of 422,171. The company has a market cap of $12.62 billion, a PE ratio of 34.92 and a beta of 1.51. Lamar Advertising has a twelve month low of $108.80 and a twelve month high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $124.46 and a two-hundred day simple moving average of $127.86.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.74. The firm had revenue of $579.57 million during the quarter, compared to analysts' expectations of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. As a group, equities research analysts forecast that Lamar Advertising will post 7.92 EPS for the current fiscal year.
Lamar Advertising Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.55 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.03%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's payout ratio is 175.64%.
Lamar Advertising Company Profile
(
Free Report)
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.
See Also
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
