Lamar Advertising (NASDAQ:LAMR) Shares Bought by LFL Advisers LLC

LFL Advisers LLC boosted its holdings in Lamar Advertising (NASDAQ:LAMR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,000 shares of the real estate investment trust's stock after acquiring an additional 4,700 shares during the quarter. Lamar Advertising accounts for about 14.0% of LFL Advisers LLC's investment portfolio, making the stock its biggest position. LFL Advisers LLC owned about 0.29% of Lamar Advertising worth $36,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LAMR. Carmel Capital Partners LLC increased its holdings in Lamar Advertising by 2.0% in the fourth quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust's stock valued at $494,000 after purchasing an additional 81 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Lamar Advertising by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust's stock valued at $2,442,000 after acquiring an additional 82 shares during the period. Avior Wealth Management LLC boosted its stake in Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 84 shares during the last quarter. UMB Bank n.a. grew its holdings in Lamar Advertising by 14.7% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 90 shares during the period. Finally, Harbour Investments Inc. increased its stake in Lamar Advertising by 12.1% in the fourth quarter. Harbour Investments Inc. now owns 878 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Analysts Set New Price Targets

LAMR has been the subject of several research analyst reports. Citigroup boosted their price target on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lamar Advertising presently has an average rating of "Hold" and a consensus price target of $134.60.

Lamar Advertising Stock Up 1.8 %

Shares of Lamar Advertising stock traded up $1.96 during trading on Friday, reaching $108.99. The stock had a trading volume of 608,723 shares, compared to its average volume of 487,743. 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 company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 30.88 and a beta of 1.34. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $139.88. The stock has a fifty day moving average price of $116.58 and a two-hundred day moving average price of $124.43.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Sell-side analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Friday, March 14th. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's dividend payout ratio is 175.64%.

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.