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

Segment Wealth Management LLC grew its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,043 shares of the real estate investment trust’s stock after acquiring an additional 140 shares during the quarter. Segment Wealth Management LLC’s holdings in Lamar Advertising were worth $370,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. increased its position in Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Lamar Advertising during the 3rd quarter valued at $25,000. Concord Wealth Partners acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth $26,000. Assetmark Inc. increased its holdings in shares of Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 143 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 2.1 %

LAMR opened at $127.82 on Wednesday. The firm has a market capitalization of $13.08 billion, a P/E ratio of 25.56 and a beta of 1.50. The firm’s 50 day moving average is $126.21 and its 200-day moving average is $126.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88.

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

Lamar Advertising Announces Dividend

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

Wall Street Analyst Weigh In

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

Lamar Advertising 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.