Lamar Advertising (NASDAQ:LAMR) Stock Holdings Lifted by Segment Wealth Management LLC

Segment Wealth Management LLC lifted its position in Lamar Advertising (NASDAQ:LAMR) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,903 shares of the real estate investment trust’s stock after buying an additional 123 shares during the quarter. Segment Wealth Management LLC’s holdings in Lamar Advertising were worth $388,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Whittier Trust Co. increased its position in shares of Lamar Advertising by 144.4% in the second quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 130 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Lamar Advertising in the first quarter worth approximately $27,000. MFA Wealth Advisors LLC purchased a new position in shares of Lamar Advertising in the second quarter worth approximately $30,000. Finally, Sound Income Strategies LLC grew its position in Lamar Advertising by 85.8% during the first quarter. Sound Income Strategies LLC now owns 314 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 145 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $135.82 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $13.89 billion, a PE ratio of 27.89 and a beta of 1.52. The company has a 50 day moving average price of $128.91 and a two-hundred day moving average price of $121.19. Lamar Advertising has a 12-month low of $79.94 and a 12-month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). The business had revenue of $565.25 million during the quarter, compared to analyst estimates of $564.96 million. Lamar Advertising had a net margin of 23.34% and a return on equity of 42.18%. Lamar Advertising’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. As a group, equities analysts predict that Lamar Advertising will post 7.75 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were paid a $1.40 dividend. The ex-dividend date was Wednesday, September 18th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 dividend on an annualized basis and a yield of 4.12%. Lamar Advertising’s payout ratio is 114.99%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LAMR. StockNews.com raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research report on Thursday, July 11th. TD Cowen boosted their price objective on shares of Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company began coverage on shares of Lamar Advertising in a research report on Thursday, September 19th. They set an “equal weight” rating and a $132.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.00.

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.