ABN Amro Investment Solutions Trims Stock Position in Lamar Advertising Company $LAMR

ABN Amro Investment Solutions decreased its position in Lamar Advertising Company (NASDAQ:LAMR) by 46.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,280 shares of the real estate investment trust’s stock after selling 22,710 shares during the period. ABN Amro Investment Solutions’ holdings in Lamar Advertising were worth $3,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Lamar Advertising by 27.8% in the second quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock valued at $284,577,000 after acquiring an additional 510,025 shares during the last quarter. AQR Capital Management LLC raised its position in Lamar Advertising by 123.8% in the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after purchasing an additional 816,217 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Lamar Advertising by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust’s stock valued at $157,697,000 after purchasing an additional 5,080 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Lamar Advertising in the 2nd quarter valued at $141,931,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Lamar Advertising by 4.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,162,468 shares of the real estate investment trust’s stock worth $141,077,000 after purchasing an additional 52,800 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR opened at $131.79 on Monday. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $136.69. The firm’s 50 day moving average price is $128.99 and its 200 day moving average price is $125.90. The company has a market cap of $13.35 billion, a P/E ratio of 30.94 and a beta of 1.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, December 22nd. Lamar Advertising’s dividend payout ratio (DPR) is presently 145.54%.

Analyst Ratings Changes

Several analysts recently issued reports on LAMR shares. Citigroup boosted their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average price target of $133.00.

Lamar Advertising Company Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.