AlphaQuest LLC Has $80,000 Holdings in Lamar Advertising Company $LAMR

AlphaQuest LLC lessened its position in Lamar Advertising Company (NASDAQ:LAMR) by 71.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 662 shares of the real estate investment trust’s stock after selling 1,646 shares during the quarter. AlphaQuest LLC’s holdings in Lamar Advertising were worth $80,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Lamar Advertising by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 454,396 shares of the real estate investment trust’s stock valued at $51,701,000 after buying an additional 22,671 shares during the last quarter. Wealth Advisory Solutions LLC grew its holdings in shares of Lamar Advertising by 1.3% in the 1st quarter. Wealth Advisory Solutions LLC now owns 13,354 shares of the real estate investment trust’s stock valued at $1,519,000 after acquiring an additional 176 shares in the last quarter. Van Cleef Asset Management Inc increased its position in shares of Lamar Advertising by 0.3% in the first quarter. Van Cleef Asset Management Inc now owns 210,116 shares of the real estate investment trust’s stock valued at $23,907,000 after acquiring an additional 721 shares during the last quarter. Cerity Partners LLC raised its holdings in Lamar Advertising by 59.2% during the first quarter. Cerity Partners LLC now owns 26,743 shares of the real estate investment trust’s stock worth $3,043,000 after acquiring an additional 9,948 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in Lamar Advertising by 1.0% during the first quarter. State of Michigan Retirement System now owns 21,038 shares of the real estate investment trust’s stock worth $2,394,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.9%

NASDAQ LAMR opened at $118.49 on Thursday. The business has a fifty day moving average price of $122.59 and a two-hundred day moving average price of $121.12. The stock has a market capitalization of $11.99 billion, a PE ratio of 27.56 and a beta of 1.36. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $136.89. 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 (NASDAQ:LAMR) last issued 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 net margin of 19.72% and a return on equity of 41.85%. The business 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. Equities analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising’s payout ratio is currently 144.19%.

Insider Activity at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company cut 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. cut their target price 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising presently has an average rating of “Moderate Buy” and a consensus price target 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.