Janney Montgomery Scott LLC Raises Stake in Lamar Advertising Company $LAMR

Janney Montgomery Scott LLC boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,960 shares of the real estate investment trust’s stock after buying an additional 791 shares during the period. Janney Montgomery Scott LLC’s holdings in Lamar Advertising were worth $5,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in Lamar Advertising by 7.2% in the second quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 98 shares during the last quarter. Dakota Wealth Management boosted its position in Lamar Advertising by 1.7% in the 2nd quarter. Dakota Wealth Management now owns 9,030 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 149 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Lamar Advertising by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,919 shares of the real estate investment trust’s stock worth $4,116,000 after purchasing an additional 222 shares in the last quarter. Accurate Wealth Management LLC boosted its position in Lamar Advertising by 3.9% in the 2nd quarter. Accurate Wealth Management LLC now owns 3,281 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 122 shares in the last quarter. Finally, Revisor Wealth Management LLC purchased a new stake in Lamar Advertising in the 2nd quarter worth approximately $658,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LAMR. Morgan Stanley upped their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Wells Fargo & Company lowered their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.20.

Lamar Advertising Stock Down 0.8%

NASDAQ LAMR opened at $122.20 on Tuesday. The business has a fifty day moving average price of $123.98 and a 200 day moving average price of $119.74. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $12.37 billion, a P/E ratio of 28.42 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

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

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.