Lamar Advertising Company (LAMR) Position Boosted by GWM Advisors LLC

GWM Advisors LLC raised its position in Lamar Advertising Company (NASDAQ:LAMR) by 28.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,220 shares of the real estate investment trust’s stock after buying an additional 2,921 shares during the period. GWM Advisors LLC’s holdings in Lamar Advertising Company were worth $971,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Capital Research Global Investors raised its stake in Lamar Advertising Company by 9.2% in the third quarter. Capital Research Global Investors now owns 8,878,900 shares of the real estate investment trust’s stock worth $579,881,000 after buying an additional 748,900 shares during the last quarter. Perkins Investment Management LLC raised its stake in Lamar Advertising Company by 34.4% in the third quarter. Perkins Investment Management LLC now owns 1,201,633 shares of the real estate investment trust’s stock worth $78,479,000 after buying an additional 307,795 shares during the last quarter. Advantus Capital Management Inc raised its stake in Lamar Advertising Company by 1.0% in the third quarter. Advantus Capital Management Inc now owns 10,083 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 100 shares during the last quarter. Two Sigma Advisers LP raised its stake in Lamar Advertising Company by 52.3% in the third quarter. Two Sigma Advisers LP now owns 67,868 shares of the real estate investment trust’s stock worth $4,432,000 after buying an additional 23,300 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Lamar Advertising Company by 214.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,350 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 4,330 shares during the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Lamar Advertising Company (NASDAQ:LAMR)

Shares of Lamar Advertising Company (LAMR) traded up 2.67% on Friday, hitting $73.72. 1,157,570 shares of the stock were exchanged. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 25.09 and a beta of 1.21. The company has a 50 day moving average of $70.58 and a 200 day moving average of $72.33. Lamar Advertising Company has a 52-week low of $58.68 and a 52-week high of $79.09.

Lamar Advertising Company (NASDAQ:LAMR) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.49. Lamar Advertising Company had a return on equity of 27.42% and a net margin of 19.18%. The firm had revenue of $346.40 million during the quarter, compared to the consensus estimate of $347.06 million. During the same quarter in the prior year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts forecast that Lamar Advertising Company will post $3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, June 13th. Lamar Advertising Company’s dividend payout ratio is 112.93%.

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A number of research firms have weighed in on LAMR. Zacks Investment Research lowered shares of Lamar Advertising Company from a “hold” rating to a “sell” rating in a report on Monday, February 27th. MKM Partners reissued a “neutral” rating and set a $72.00 target price (down from $73.00) on shares of Lamar Advertising Company in a report on Friday, May 5th. ValuEngine downgraded shares of Lamar Advertising Company from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Loop Capital restated a “buy” rating and issued a $87.00 price target on shares of Lamar Advertising Company in a research report on Friday, June 9th. Finally, BidaskClub upgraded shares of Lamar Advertising Company from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Lamar Advertising Company currently has a consensus rating of “Hold” and an average target price of $74.60.

In related news, Director Anna Reilly sold 50,000 shares of Lamar Advertising Company stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $74.83, for a total value of $3,741,500.00. Following the sale, the director now owns 141,859 shares in the company, valued at $10,615,308.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising Company stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total transaction of $1,412,200.00. Following the completion of the sale, the director now owns 5,970 shares in the company, valued at approximately $421,541.70. The disclosure for this sale can be found here. Insiders sold 95,000 shares of company stock worth $7,090,450 in the last 90 days. Company insiders own 18.66% of the company’s stock.

Lamar Advertising Company Company Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

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