Lamar Advertising (NASDAQ:LAMR) Shares Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. grew its position in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,730 shares of the real estate investment trust’s stock after purchasing an additional 219 shares during the period. Gilbert & Cook Inc.’s holdings in Lamar Advertising were worth $503,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Lamar Advertising by 43.4% during the third quarter. Invesco Ltd. now owns 1,693,447 shares of the real estate investment trust’s stock worth $141,352,000 after acquiring an additional 512,182 shares during the period. JPMorgan Chase & Co. increased its position in shares of Lamar Advertising by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 1,441,668 shares of the real estate investment trust’s stock worth $120,336,000 after acquiring an additional 39,292 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Lamar Advertising by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,009,456 shares of the real estate investment trust’s stock worth $84,259,000 after acquiring an additional 6,314 shares during the period. Makaira Partners LLC increased its position in shares of Lamar Advertising by 31.7% during the third quarter. Makaira Partners LLC now owns 756,662 shares of the real estate investment trust’s stock worth $63,159,000 after acquiring an additional 182,111 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Lamar Advertising by 23.7% in the third quarter. HighTower Advisors LLC now owns 600,059 shares of the real estate investment trust’s stock valued at $50,128,000 after buying an additional 115,006 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $118.11 on Monday. The stock’s 50-day moving average is $116.45 and its two-hundred day moving average is $110.38. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 24.25 and a beta of 1.49. Lamar Advertising has a 1 year low of $77.21 and a 1 year high of $122.22. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.38 and a current ratio of 0.38.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.71). Lamar Advertising had a return on equity of 41.86% and a net margin of 23.29%. The business had revenue of $498.15 million for the quarter, compared to analyst estimates of $496.98 million. During the same quarter last year, the company posted $1.41 EPS. Lamar Advertising’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts predict that Lamar Advertising will post 7.69 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $5.20 annualized dividend and a dividend yield of 4.40%. Lamar Advertising’s dividend payout ratio (DPR) is 106.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on LAMR. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Finally, Morgan Stanley raised their price objective on Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th.

Check Out Our Latest Stock Analysis on LAMR

Insider Transactions at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the 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 owns 10,000 shares in the company, valued at $1,189,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the 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 owns 10,000 shares in the company, valued at $1,189,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Koerner III sold 17,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $120.05, for a total transaction of $2,040,850.00. Following the completion of the sale, the director now owns 32,178 shares of the company’s stock, valued at approximately $3,862,968.90. The disclosure for this sale can be found here. Insiders own 14.98% of the company’s stock.

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.

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

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