Lamar Advertising Company $LAMR Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 75.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,892 shares of the real estate investment trust’s stock after purchasing an additional 5,972 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Lamar Advertising were worth $1,686,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. MGO One Seven LLC raised its position in shares of Lamar Advertising by 13.9% in the 2nd quarter. MGO One Seven LLC now owns 4,415 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 539 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Lamar Advertising by 10.5% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 87,684 shares of the real estate investment trust’s stock valued at $10,641,000 after purchasing an additional 8,315 shares in the last quarter. Mitchell Sinkler & Starr PA raised its position in shares of Lamar Advertising by 4.6% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 2,845 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 125 shares in the last quarter. CWM LLC raised its position in shares of Lamar Advertising by 144.7% in the 2nd quarter. CWM LLC now owns 29,727 shares of the real estate investment trust’s stock valued at $3,608,000 after purchasing an additional 17,581 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Lamar Advertising by 29.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,042 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 2,305 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

Shares of LAMR opened at $119.02 on Friday. The company has a market cap of $12.05 billion, a P/E ratio of 27.68 and a beta of 1.37. The stock has a fifty day moving average price of $123.39 and a 200 day moving average price of $120.04. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $137.47.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. The firm had revenue of $579.31 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio is presently 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LAMR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wells Fargo & Company lowered their price target on 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. lowered their price target on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising has an average rating of “Moderate Buy” and an average price target of $134.20.

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.