Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Markel Group Inc.

Markel Group Inc. grew its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 11.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,000 shares of the real estate investment trust's stock after purchasing an additional 13,000 shares during the period. Markel Group Inc. owned approximately 0.12% of Lamar Advertising worth $15,096,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock worth $263,840,000 after buying an additional 617,356 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Lamar Advertising by 108.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 905,368 shares of the real estate investment trust's stock worth $110,220,000 after buying an additional 470,805 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Lamar Advertising in the fourth quarter worth approximately $48,023,000. Duff & Phelps Investment Management Co. raised its holdings in shares of Lamar Advertising by 631.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust's stock worth $24,088,000 after buying an additional 155,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lamar Advertising by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,267 shares of the real estate investment trust's stock worth $31,432,000 after buying an additional 132,734 shares during the period. 93.78% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LAMR shares. Morgan Stanley increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Wells Fargo & Company reduced their price objective on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Citigroup raised their price objective on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $134.60.

Lamar Advertising Stock Down 4.6 %

Shares of NASDAQ:LAMR traded down $5.64 on Tuesday, reaching $116.76. The company had a trading volume of 814,544 shares, compared to its average volume of 421,148. Lamar Advertising has a 52-week low of $108.80 and a 52-week high of $139.88. The firm's 50 day simple moving average is $124.45 and its 200-day simple moving average is $127.97. The firm has a market capitalization of $11.96 billion, a PE ratio of 33.08 and a beta of 1.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

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 analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The business had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. As a group, analysts expect that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.55 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.31%. Lamar Advertising's dividend payout ratio (DPR) is currently 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.