Park Avenue Securities LLC Sells 256 Shares of Lamar Advertising Company $LAMR

Park Avenue Securities LLC cut its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,413 shares of the real estate investment trust’s stock after selling 256 shares during the period. Park Avenue Securities LLC’s holdings in Lamar Advertising were worth $293,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Lamar Advertising by 33.9% in the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 94 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Lamar Advertising in the 1st quarter worth about $28,000. Farther Finance Advisors LLC increased its holdings in shares of Lamar Advertising by 101.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 1,230 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Lamar Advertising in the 1st quarter worth about $1,007,000. Finally, Focus Partners Wealth increased its holdings in shares of Lamar Advertising by 14.6% in the 1st quarter. Focus Partners Wealth now owns 21,739 shares of the real estate investment trust’s stock worth $2,473,000 after buying an additional 2,768 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.99% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Lamar Advertising has an average rating of “Hold” and an average price target of $134.20.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $122.42 on Wednesday. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 28.47 and a beta of 1.38. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88. The firm has a 50-day moving average of $124.21 and a two-hundred day moving average of $119.43.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The company had revenue of $579.31 million during 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, research analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising’s dividend payout ratio is presently 144.19%.

Lamar Advertising Profile

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.