Independent Solutions Wealth Management LLC Raises Stock Position in Lamar Advertising Company $LAMR

Independent Solutions Wealth Management LLC raised its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,870 shares of the real estate investment trust’s stock after acquiring an additional 102 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Lamar Advertising were worth $3,746,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hamlin Capital Management LLC grew its position in shares of Lamar Advertising by 3.4% in the 1st quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust’s stock valued at $149,225,000 after buying an additional 43,081 shares during the last quarter. Northern Trust Corp raised its position in Lamar Advertising by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust’s stock valued at $145,967,000 after purchasing an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lamar Advertising by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust’s stock valued at $126,258,000 after purchasing an additional 7,426 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 5.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust’s stock valued at $104,431,000 after purchasing an additional 50,004 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Lamar Advertising by 4.3% during the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust’s stock worth $76,698,000 after buying an additional 27,823 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LAMR shares. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. decreased their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Lamar Advertising Trading Down 0.8%

NASDAQ:LAMR opened at $122.20 on Tuesday. The stock’s 50 day moving average price is $123.98 and its 200 day moving average price is $119.74. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The company has a market capitalization of $12.37 billion, a P/E ratio of 28.42 and a beta of 1.37. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. The company had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s payout ratio is 144.19%.

Insider Buying and Selling

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 14.99% of the company’s stock.

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.