Segment Wealth Management LLC Grows Stake in Lamar Advertising Company $LAMR

Segment Wealth Management LLC raised its stake in Lamar Advertising Company (NASDAQ:LAMR) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,292 shares of the real estate investment trust’s stock after purchasing an additional 822 shares during the quarter. Segment Wealth Management LLC’s holdings in Lamar Advertising were worth $521,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 1248 Management LLC acquired a new stake in shares of Lamar Advertising during 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 valued at about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of Lamar Advertising during the second quarter valued at about $28,000. HHM Wealth Advisors LLC grew its stake 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 acquiring an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake 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 acquiring an additional 140 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $123.22 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. The stock has a 50 day simple moving average of $124.03 and a 200-day simple moving average of $119.61. The company has a market cap of $12.47 billion, a PE ratio of 28.66 and a beta of 1.37. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The business 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, equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current 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 given a dividend of $1.55 per share. The ex-dividend date was Friday, September 19th. This represents a $6.20 annualized dividend and a dividend yield of 5.0%. Lamar Advertising’s payout ratio is currently 144.19%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LAMR shares. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company lowered 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.20.

Insider Activity

In other 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.