Lamar Advertising Company $LAMR Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,552 shares of the real estate investment trust’s stock after purchasing an additional 684 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Lamar Advertising were worth $1,038,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 1248 Management LLC acquired a new position in shares of Lamar Advertising during the first quarter valued at $26,000. Golden State Wealth Management LLC acquired a new position in shares of Lamar Advertising during the first quarter valued at $28,000. HHM Wealth Advisors LLC increased its holdings 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 valued at $31,000 after purchasing an additional 269 shares during the period. Truvestments Capital LLC increased its holdings 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 valued at $36,000 after purchasing an additional 140 shares during the period. Finally, MAI Capital Management increased its holdings in shares of Lamar Advertising by 44.0% during the first quarter. MAI Capital Management now owns 360 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 110 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Lamar Advertising Trading Up 1.0%

NASDAQ:LAMR opened at $123.22 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.88. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 28.66 and a beta of 1.37. The stock has a fifty day simple moving average of $124.03 and a 200 day simple moving average of $119.57.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million during 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 forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising’s dividend payout ratio is currently 144.19%.

Insider Transactions at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.99% of the company’s stock.

About Lamar Advertising

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.