Integrated Advisors Network LLC Sells 18,833 Shares of Lamar Advertising Company $LAMR

Integrated Advisors Network LLC reduced its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 91.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,817 shares of the real estate investment trust’s stock after selling 18,833 shares during the quarter. Integrated Advisors Network LLC’s holdings in Lamar Advertising were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAMR. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter valued at approximately $1,872,000. SG Americas Securities LLC increased its holdings in Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock worth $9,531,000 after buying an additional 57,520 shares during the last quarter. Legal & General Group Plc increased its holdings in Lamar Advertising by 4.6% during the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after buying an additional 10,265 shares during the last quarter. Markel Group Inc. increased its holdings in Lamar Advertising by 8.8% during the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock worth $23,417,000 after buying an additional 15,000 shares during the last quarter. Finally, Berkshire Hathaway Inc raised its position in Lamar Advertising by 2.8% during the third quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock worth $147,162,000 after acquiring an additional 32,603 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on LAMR shares. TD Cowen increased their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company boosted their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research note on Thursday, May 7th. Finally, Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $145.00 to $160.00 in a report on Friday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $150.50.

Lamar Advertising Stock Performance

Lamar Advertising stock traded down $7.07 during mid-day trading on Friday, hitting $155.18. 714,182 shares of the company’s stock traded hands, compared to its average volume of 640,163. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $151.93 and a two-hundred day simple moving average of $138.32. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $162.96. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 28.63 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. On average, research analysts expect that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s payout ratio is presently 118.08%.

Lamar Advertising 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.