Waverly Advisors LLC Boosts Holdings in Lamar Advertising Company $LAMR

Waverly Advisors LLC boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,889 shares of the real estate investment trust’s stock after acquiring an additional 4,860 shares during the period. Waverly Advisors LLC’s holdings in Lamar Advertising were worth $12,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LAMR. California State Teachers Retirement System grew its position in shares of Lamar Advertising by 16,163.1% in the second quarter. California State Teachers Retirement System now owns 15,762,403 shares of the real estate investment trust’s stock valued at $2,458,620,000 after purchasing an additional 15,665,482 shares during the last quarter. Boston Partners increased its stake in shares of Lamar Advertising by 2.0% during the 3rd quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after purchasing an additional 46,361 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lamar Advertising by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after purchasing an additional 32,542 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Lamar Advertising by 1.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock worth $331,573,000 after purchasing an additional 27,100 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after purchasing an additional 314,235 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $148.83 on Thursday. The company has a 50-day simple moving average of $156.10 and a 200-day simple moving average of $146.36. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $15.11 billion, a PE ratio of 27.16 and a beta of 1.17. Lamar Advertising Company has a 12 month low of $114.45 and a 12 month high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The business had revenue of $616.75 million for the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, equities analysts anticipate that Lamar Advertising Company will post 8.43 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. Lamar Advertising’s dividend payout ratio is currently 116.79%.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of analyst reports. TD Cowen increased their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the company from $145.00 to $160.00 in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.