Hamlin Capital Management LLC Decreases Stock Holdings in Lamar Advertising Company $LAMR

Hamlin Capital Management LLC lessened its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,320,340 shares of the real estate investment trust’s stock after selling 19,873 shares during the period. Lamar Advertising makes up about 4.6% of Hamlin Capital Management LLC’s portfolio, making the stock its 5th largest holding. Hamlin Capital Management LLC’s holdings in Lamar Advertising were worth $190,274,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in Lamar Advertising by 1.3% during the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock valued at $331,573,000 after purchasing an additional 27,100 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lamar Advertising by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after purchasing an additional 11,586 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Lamar Advertising by 49.7% in the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust’s stock valued at $85,774,000 after purchasing an additional 224,775 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of Lamar Advertising by 48.5% during the 1st quarter. Miller Howard Investments Inc. NY now owns 468,026 shares of the real estate investment trust’s stock worth $59,280,000 after buying an additional 152,833 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Lamar Advertising by 27.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 351,328 shares of the real estate investment trust’s stock worth $44,471,000 after buying an additional 74,900 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.4%

NASDAQ LAMR traded up $1.96 on Thursday, hitting $145.20. The company’s stock had a trading volume of 327,081 shares, compared to its average volume of 588,047. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. Lamar Advertising Company has a 1-year low of $114.45 and a 1-year high of $166.33. The company’s 50-day moving average is $150.47 and its 200 day moving average is $147.86. The firm has a market cap of $14.74 billion, a PE ratio of 26.50 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting analysts’ consensus estimates of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The company had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, analysts predict that Lamar Advertising Company will post 8.4 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $1.65 dividend. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. The ex-dividend date was Monday, September 21st. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.5%. Lamar Advertising’s dividend payout ratio is presently 120.44%.

Insider Buying and Selling at Lamar Advertising

In other news, Director Thomas Reifenheiser sold 8,099 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the transaction, the director directly owned 36,387 shares in the company, valued at $5,422,754.61. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Morgan Stanley set a $170.00 price target on Lamar Advertising in a research note on Friday, August 7th. Wells Fargo & Company raised their price objective on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Lamar Advertising has an average rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company headquartered in Baton Rouge, Louisiana. Through its network of advertising displays, the company helps businesses reach local, regional and national audiences across the United States and Canada.

Lamar’s primary products include traditional and digital billboards, roadside logo signs, transit advertising and displays at airports and other public venues. Its digital billboard network allows advertisers to update messages remotely, while traditional bulletin and poster displays provide longer-term visibility in high-traffic locations.