Lamar Advertising Company (NASDAQ:LAMR) Shares Sold by CFO4Life Group LLC

CFO4Life Group LLC trimmed its position in Lamar Advertising Company (NASDAQ:LAMR) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,979 shares of the real estate investment trust’s stock after selling 546 shares during the period. CFO4Life Group LLC’s holdings in Lamar Advertising were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LAMR. Golden State Wealth Management LLC acquired a new position in Lamar Advertising during the first quarter valued at $28,000. Bessemer Group Inc. lifted its position in Lamar Advertising by 106.7% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 143 shares during the period. ST Germain D J Co. Inc. lifted its position in Lamar Advertising by 346.0% during the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC acquired a new position in Lamar Advertising during the first quarter valued at $60,000. Finally, McIlrath & Eck LLC lifted its position in Lamar Advertising by 175.1% during the fourth quarter. McIlrath & Eck LLC now owns 707 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 450 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Citigroup upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating and boosted their target price for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Lamar Advertising presently has an average rating of “Hold” and an average price target of $134.00.

Lamar Advertising Stock Up 0.7%

LAMR opened at $125.31 on Friday. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.57 and a current ratio of 0.57. The company has a fifty day moving average of $119.70 and a two-hundred day moving average of $119.19. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 30.42 and a beta of 1.33.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. The company had revenue of $505.43 million during the quarter, compared to analysts’ expectations of $509.72 million. On average, research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.95%. Lamar Advertising’s dividend payout ratio is currently 150.49%.

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.