Patriot Financial Group Insurance Agency LLC Has $669,000 Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Patriot Financial Group Insurance Agency LLC cut its stake in Lamar Advertising (NASDAQ:LAMRFree Report) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,297 shares of the real estate investment trust’s stock after selling 559 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Lamar Advertising were worth $669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LAMR. Toronto Dominion Bank increased its stake in shares of Lamar Advertising by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 9,596 shares of the real estate investment trust’s stock valued at $801,000 after purchasing an additional 112 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Lamar Advertising by 2.8% in the 1st quarter. EP Wealth Advisors LLC now owns 4,129 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 112 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Lamar Advertising by 2.5% in the 1st quarter. Continuum Advisory LLC now owns 4,606 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 113 shares during the last quarter. First Hawaiian Bank grew its position in Lamar Advertising by 1.5% during the 4th quarter. First Hawaiian Bank now owns 7,924 shares of the real estate investment trust’s stock worth $842,000 after acquiring an additional 116 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in Lamar Advertising by 4.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,841 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 118 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on LAMR

Lamar Advertising Stock Performance

LAMR stock opened at $119.41 on Friday. The firm has a market cap of $12.19 billion, a PE ratio of 24.62 and a beta of 1.50. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.55. The business has a 50 day moving average of $111.21 and a 200-day moving average of $100.37. Lamar Advertising has a 12-month low of $77.21 and a 12-month high of $121.99.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last announced 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 firm had revenue of $555.91 million for the quarter, compared to the consensus estimate of $549.84 million. During the same period last year, the company posted $1.91 earnings per share. As a group, sell-side analysts expect that Lamar Advertising will post 7.54 earnings per share for the current year.

Lamar Advertising Increases Dividend

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

About Lamar Advertising

(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

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising (NASDAQ:LAMRFree Report).

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

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