Markel Group Inc. Has $20.81 Million Stake in Lamar Advertising Company $LAMR

Markel Group Inc. boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 7.6% during the third quarter, Holdings Channel reports. The institutional investor owned 170,000 shares of the real estate investment trust’s stock after acquiring an additional 12,000 shares during the quarter. Markel Group Inc.’s holdings in Lamar Advertising were worth $20,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of Lamar Advertising during the 2nd quarter valued at about $510,000. GAMMA Investing LLC lifted its stake in Lamar Advertising by 77.4% during the second quarter. GAMMA Investing LLC now owns 1,226 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 535 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Lamar Advertising by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 33,919 shares of the real estate investment trust’s stock valued at $4,116,000 after purchasing an additional 222 shares in the last quarter. Signaturefd LLC grew its stake in shares of Lamar Advertising by 7.2% in the 2nd quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 98 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Lamar Advertising by 1.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,960 shares of the real estate investment trust’s stock worth $5,456,000 after buying an additional 791 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR stock opened at $128.58 on Tuesday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $134.63. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04. The firm’s 50 day moving average is $129.35 and its 200-day moving average is $125.38. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 30.18 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.06. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. The firm had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Sell-side analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $1.55 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.20 annualized dividend and a yield of 4.8%. Lamar Advertising’s dividend payout ratio (DPR) is currently 145.54%.

Wall Street Analyst Weigh In

LAMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Morgan Stanley set a $140.00 target price on shares of Lamar Advertising in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Finally, Citigroup boosted their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $133.00.

Lamar Advertising Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.