Lamar Advertising (NASDAQ:LAMR) Stock Holdings Lowered by Procyon Advisors LLC

Procyon Advisors LLC lowered its position in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 34.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,724 shares of the real estate investment trust’s stock after selling 1,945 shares during the period. Procyon Advisors LLC’s holdings in Lamar Advertising were worth $396,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LAMR. Farther Finance Advisors LLC grew its position in Lamar Advertising by 243.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Lamar Advertising by 93.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 359 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 173 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Lamar Advertising in the 3rd quarter valued at about $30,000. Signaturefd LLC grew its position in Lamar Advertising by 43.7% in the 3rd quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in Lamar Advertising by 79.5% in the 4th quarter. Harbour Investments Inc. now owns 429 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 190 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $119.41 on Friday. Lamar Advertising has a twelve month low of $77.21 and a twelve month high of $121.99. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.55. The company has a 50-day moving average of $110.94 and a 200-day moving average of $100.05. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 24.62 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.49). Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. The business had revenue of $555.91 million for the quarter, compared to the consensus estimate of $549.84 million. During the same quarter last year, the business posted $1.91 EPS. Analysts forecast that Lamar Advertising will post 7.54 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 4.35%. Lamar Advertising’s dividend payout ratio is currently 107.22%.

Insider Buying and Selling at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $1,189,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LAMR shares. Morgan Stanley increased their target price on shares of Lamar Advertising from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lamar Advertising from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Monday, February 26th.

Check Out Our Latest Analysis on LAMR

Lamar Advertising Profile

(Free Report)

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.

Further Reading

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

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