Focus Partners Wealth Has $2.47 Million Position in Lamar Advertising Company $LAMR

Focus Partners Wealth boosted its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 14.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,739 shares of the real estate investment trust’s stock after purchasing an additional 2,768 shares during the quarter. Focus Partners Wealth’s holdings in Lamar Advertising were worth $2,473,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LAMR. 1248 Management LLC acquired a new stake in shares of Lamar Advertising in the first quarter worth $26,000. Golden State Wealth Management LLC bought a new position in Lamar Advertising in the first quarter worth $28,000. HHM Wealth Advisors LLC lifted its position in Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 269 shares during the period. ST Germain D J Co. Inc. lifted its position in Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 218 shares during the period. Finally, Truvestments Capital LLC lifted its position in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares during the period. Institutional investors own 93.78% of the company’s stock.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.99% of the stock is owned by company insiders.

Lamar Advertising Price Performance

Shares of LAMR opened at $127.74 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88. The stock has a market cap of $12.93 billion, a P/E ratio of 29.71 and a beta of 1.38. The stock’s 50-day moving average price is $124.49 and its two-hundred day moving average price is $119.12.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The firm had revenue of $579.31 million for the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 19th. Lamar Advertising’s payout ratio is 144.19%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LAMR shares. Wells Fargo & Company dropped their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Citigroup upgraded Lamar Advertising from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley increased their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Lamar Advertising has a consensus rating of “Hold” and a consensus target price of $134.20.

About Lamar Advertising

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.