Lamar Advertising (NASDAQ:LAMR) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC increased its position in Lamar Advertising (NASDAQ:LAMR) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,043 shares of the real estate investment trust’s stock after purchasing an additional 140 shares during the period. Segment Wealth Management LLC’s holdings in Lamar Advertising were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at about $43,665,000. JPMorgan Chase & Co. boosted its stake in Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after acquiring an additional 90,933 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lamar Advertising by 19,961.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after purchasing an additional 109,790 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock worth $7,017,000 after purchasing an additional 14,672 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Lamar Advertising by 96.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock worth $13,026,000 after purchasing an additional 47,746 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on LAMR. TD Cowen increased their target price on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their price target on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $127.82 on Wednesday. The business has a fifty day moving average of $126.21 and a 200-day moving average of $126.08. The firm has a market cap of $13.08 billion, a PE ratio of 25.56 and a beta of 1.50. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a twelve month low of $102.10 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The company had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. On average, equities research analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were paid a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.38%. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Lamar Advertising Company 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.