Lamar Advertising Company $LAMR Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in Lamar Advertising Company (NASDAQ:LAMR) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,449 shares of the real estate investment trust’s stock after selling 4,724 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Lamar Advertising were worth $18,501,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Lamar Advertising in the first quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new stake in shares of Lamar Advertising during the first quarter worth about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Lamar Advertising during the second quarter worth about $28,000. HHM Wealth Advisors LLC lifted its position in shares of Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Lamar Advertising by 79.5% during the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LAMR shares. JPMorgan Chase & Co. reduced their price target 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. Wells Fargo & Company reduced their price target on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a report on Saturday. Finally, Morgan Stanley raised their target price 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. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Insider Buying and Selling

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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 through this link. 14.99% of the stock is owned by corporate insiders.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $120.19 on Friday. The firm has a market capitalization of $12.17 billion, a P/E ratio of 27.95 and a beta of 1.37. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $137.30. 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 firm’s 50 day moving average is $123.48 and its two-hundred day moving average is $120.61.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly 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. The company had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

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

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.