Creative Planning Has $1.95 Million Stock Position in Lamar Advertising Company $LAMR

Creative Planning grew its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 22.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,087 shares of the real estate investment trust’s stock after acquiring an additional 2,905 shares during the period. Creative Planning’s holdings in Lamar Advertising were worth $1,952,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Lamar Advertising by 466.7% during the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. 1248 Management LLC bought a new position in Lamar Advertising during the 1st quarter worth $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Lamar Advertising during the second quarter worth $28,000. HHM Wealth Advisors LLC lifted its holdings in shares of Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 269 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 140 shares during the period. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup lifted their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Morgan Stanley raised their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Wells Fargo & Company cut their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and a consensus target price of $131.75.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $132.54 on Wednesday. The firm’s 50 day simple moving average is $122.79 and its 200 day simple moving average is $122.58. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 30.82 and a beta of 1.36. 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 $135.91.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. As a group, research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

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.