Lamar Advertising (NASDAQ:LAMR) Stock Holdings Trimmed by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,088 shares of the real estate investment trust’s stock after selling 12,640 shares during the period. TD Asset Management Inc owned approximately 0.05% of Lamar Advertising worth $5,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of Michigan Retirement System raised its stake in Lamar Advertising by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 21,038 shares of the real estate investment trust’s stock valued at $2,236,000 after acquiring an additional 100 shares in the last quarter. Toronto Dominion Bank raised its stake in Lamar Advertising by 1.2% during the 3rd quarter. Toronto Dominion Bank now owns 9,596 shares of the real estate investment trust’s stock valued at $801,000 after acquiring an additional 112 shares in the last quarter. First Hawaiian Bank increased its position in shares of 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 valued at $842,000 after purchasing an additional 116 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of 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 valued at $302,000 after purchasing an additional 118 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Lamar Advertising by 1.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,964 shares of the real estate investment trust’s stock valued at $846,000 after purchasing an additional 123 shares during the period. Institutional investors own 93.78% of the company’s stock.

Insiders Place Their Bets

In other Lamar Advertising news, Director John E. Koerner III sold 17,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $120.05, for a total value 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 $3,862,968.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.98% of the company’s stock.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $116.85 on Thursday. Lamar Advertising has a 52-week low of $77.21 and a 52-week high of $122.22. The stock’s fifty day simple moving average is $116.43 and its 200 day simple moving average is $110.71. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 23.99 and a beta of 1.50. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.39.

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

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $1.30 dividend. The ex-dividend date is Monday, June 17th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.45%. Lamar Advertising’s dividend payout ratio is currently 106.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Morgan Stanley lifted their price target on Lamar Advertising from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. lifted their price target on 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 Stock Analysis on LAMR

Lamar Advertising Company 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.

See Also

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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