Stephens Inc. AR Grows Position in Lamar Advertising (NASDAQ:LAMR)

Stephens Inc. AR grew its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,806 shares of the real estate investment trust's stock after purchasing an additional 1,982 shares during the quarter. Stephens Inc. AR's holdings in Lamar Advertising were worth $3,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Empowered Funds LLC boosted its position in shares of Lamar Advertising by 85.8% during the 4th quarter. Empowered Funds LLC now owns 31,155 shares of the real estate investment trust's stock valued at $3,793,000 after acquiring an additional 14,390 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of Lamar Advertising by 1.2% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 20,574 shares of the real estate investment trust's stock valued at $2,505,000 after acquiring an additional 242 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Lamar Advertising by 9.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,413 shares of the real estate investment trust's stock valued at $2,242,000 after acquiring an additional 1,596 shares during the last quarter. Hedeker Wealth LLC boosted its position in shares of Lamar Advertising by 1.5% during the 4th quarter. Hedeker Wealth LLC now owns 17,962 shares of the real estate investment trust's stock valued at $2,187,000 after acquiring an additional 259 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Lamar Advertising by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 52,035 shares of the real estate investment trust's stock valued at $6,334,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Trading Up 1.2 %

LAMR traded up $1.55 on Friday, hitting $130.04. The company had a trading volume of 449,683 shares, compared to its average volume of 422,769. The firm has a market cap of $13.31 billion, a P/E ratio of 26.01 and a beta of 1.51. Lamar Advertising has a 1 year low of $105.44 and a 1 year high of $139.88. The company's fifty day moving average price is $124.81 and its 200 day moving average price is $126.94. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.31%. Lamar Advertising's dividend payout ratio (DPR) is presently 112.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LAMR shares. StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, TD Cowen boosted their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 11th. Five research 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, the company currently has a consensus rating of "Hold" and a consensus target price of $132.40.

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.