Lamar Advertising Company $LAMR Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,452 shares of the real estate investment trust’s stock after selling 317 shares during the period. US Bancorp DE’s holdings in Lamar Advertising were worth $904,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. REAP Financial Group LLC lifted its stake in Lamar Advertising by 66.7% in the 2nd quarter. REAP Financial Group LLC now owns 535 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 214 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Lamar Advertising by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $2,998,000 after purchasing an additional 100 shares during the period. Independent Solutions Wealth Management LLC lifted its position in shares of Lamar Advertising by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 30,870 shares of the real estate investment trust’s stock worth $3,746,000 after acquiring an additional 102 shares during the period. KPP Advisory Services LLC bought a new position in shares of Lamar Advertising during the 2nd quarter worth approximately $213,000. Finally, Knights of Columbus Asset Advisors LLC lifted its position in shares of Lamar Advertising by 5.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 36,455 shares of the real estate investment trust’s stock worth $4,424,000 after buying an additional 2,012 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 0.8%

Shares of LAMR stock opened at $119.02 on Friday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $137.47. The company has a market cap of $12.05 billion, a PE ratio of 27.68 and a beta of 1.37. The stock’s fifty day moving average price is $123.39 and its two-hundred day moving average price is $120.04.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Equities analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company reduced their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.20.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.