Impact Partnership Wealth LLC Increases Stake in Lamar Advertising (NASDAQ:LAMR)

Impact Partnership Wealth LLC raised its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,635 shares of the real estate investment trust’s stock after buying an additional 1,323 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Lamar Advertising were worth $808,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Lamar Advertising during the 3rd quarter valued at about $25,000. Concord Wealth Partners bought a new stake in Lamar Advertising during the 3rd quarter valued at about $26,000. Assetmark Inc. raised its holdings in Lamar Advertising by 109.3% in the third 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 increased its position in shares of Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of research analyst reports. Morgan Stanley upped 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. TD Cowen upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising Stock Up 0.2 %

LAMR opened at $126.39 on Friday. The company has a market capitalization of $12.94 billion, a PE ratio of 25.28 and a beta of 1.50. The firm has a 50-day simple moving average of $126.14 and a two-hundred day simple moving average of $126.15. 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 released its quarterly earnings data 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). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same period in the previous year, the firm earned $2.04 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a dividend of $1.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.43%. Lamar Advertising’s dividend payout ratio is presently 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.