First National Bank of Omaha Acquires 3,756 Shares of Lamar Advertising (NASDAQ:LAMR)

First National Bank of Omaha grew its stake in Lamar Advertising (NASDAQ:LAMRGet Rating) by 41.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,893 shares of the real estate investment trust’s stock after buying an additional 3,756 shares during the quarter. First National Bank of Omaha’s holdings in Lamar Advertising were worth $1,497,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hilltop Holdings Inc. grew its position in shares of Lamar Advertising by 15.0% in the fourth quarter. Hilltop Holdings Inc. now owns 2,945 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 385 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in Lamar Advertising by 3.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 13,400 shares of the real estate investment trust’s stock worth $1,557,000 after buying an additional 500 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Lamar Advertising by 1,208.9% during the first quarter. Qube Research & Technologies Ltd now owns 54,582 shares of the real estate investment trust’s stock worth $6,341,000 after purchasing an additional 50,412 shares in the last quarter. Swiss National Bank increased its position in shares of Lamar Advertising by 7.5% during the first quarter. Swiss National Bank now owns 205,338 shares of the real estate investment trust’s stock worth $23,856,000 after purchasing an additional 14,400 shares in the last quarter. Finally, JustInvest LLC increased its position in Lamar Advertising by 96.7% in the 4th quarter. JustInvest LLC now owns 8,267 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 4,065 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $94.75 on Friday. The stock has a fifty day moving average of $97.65 and a 200 day moving average of $101.36. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.43. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 21.10 and a beta of 1.38. Lamar Advertising has a 52 week low of $83.96 and a 52 week high of $124.32.

Lamar Advertising (NASDAQ:LAMRGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. Lamar Advertising had a return on equity of 37.09% and a net margin of 23.52%. During the same period in the previous year, the firm posted $1.75 EPS. As a group, research analysts expect that Lamar Advertising will post 6.91 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, September 16th. Lamar Advertising’s dividend payout ratio (DPR) is 106.90%.

Insiders Place Their Bets

In other Lamar Advertising news, Director Anna Reilly sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $90.17, for a total transaction of $901,700.00. Following the completion of the sale, the director now owns 145,928 shares of the company’s stock, valued at $13,158,327.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Anna Reilly sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $90.17, for a total value of $901,700.00. Following the completion of the sale, the director now directly owns 145,928 shares of the company’s stock, valued at approximately $13,158,327.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jay Lecoryelle Johnson sold 4,000 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $106.35, for a total value of $425,400.00. Following the completion of the transaction, the chief financial officer now owns 26,000 shares in the company, valued at approximately $2,765,100. The disclosure for this sale can be found here. 14.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of research reports. StockNews.com lowered shares of Lamar Advertising from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 2nd. Citigroup upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $112.00 to $108.00 in a report on Thursday, July 7th. Finally, Morgan Stanley increased their price objective on shares of Lamar Advertising from $103.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, August 4th.

Lamar Advertising Profile

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Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

Further Reading

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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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