KPP Advisory Services LLC Invests $213,000 in Lamar Advertising Company $LAMR

KPP Advisory Services LLC bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 2nd quarter, Holdings Channel reports. The fund bought 1,751 shares of the real estate investment trust’s stock, valued at approximately $213,000.

Several other large investors have also recently bought and sold shares of LAMR. Hamlin Capital Management LLC lifted its position in Lamar Advertising by 3.4% during the first quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust’s stock worth $149,225,000 after acquiring an additional 43,081 shares during the last quarter. Northern Trust Corp lifted its holdings in Lamar Advertising by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust’s stock worth $145,967,000 after purchasing an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 period. Massachusetts Financial Services Co. MA boosted its stake 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 period. Finally, HighTower Advisors LLC grew its holdings in Lamar Advertising by 4.3% in the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust’s stock valued at $76,698,000 after buying an additional 27,823 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Lamar Advertising Stock Down 0.8%

LAMR stock opened at $122.20 on Tuesday. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The business has a 50-day simple moving average of $123.98 and a 200 day simple moving average of $119.74. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The company has a market cap of $12.37 billion, a PE ratio of 28.42 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The firm had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Sell-side analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

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

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 14.99% of the company’s stock.

Lamar Advertising 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.