Capital Investment Counsel LLC Has $7.75 Million Stock Position in Lamar Advertising (NASDAQ:LAMR)

Capital Investment Counsel LLC boosted its stake in Lamar Advertising (NASDAQ:LAMR) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 58,038 shares of the real estate investment trust’s stock after buying an additional 1,125 shares during the period. Lamar Advertising accounts for approximately 1.3% of Capital Investment Counsel LLC’s holdings, making the stock its 25th largest position. Capital Investment Counsel LLC’s holdings in Lamar Advertising were worth $7,754,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Lamar Advertising by 18.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,301 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 522 shares during the period. PEAK6 Investments LLC bought a new stake in Lamar Advertising during the first quarter worth about $765,000. BOKF NA grew its stake in Lamar Advertising by 30.7% during the first quarter. BOKF NA now owns 34,867 shares of the real estate investment trust’s stock worth $4,048,000 after buying an additional 8,182 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Lamar Advertising by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 566,644 shares of the real estate investment trust’s stock worth $67,664,000 after buying an additional 22,382 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Lamar Advertising by 19.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,428 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 558 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Up 0.8 %

NASDAQ LAMR opened at $130.35 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 52 week low of $97.54 and a 52 week high of $139.88. The stock has a market capitalization of $13.34 billion, a P/E ratio of 26.07 and a beta of 1.52. The stock has a fifty day moving average of $132.41 and a 200-day moving average of $123.73.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 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 analyst estimates of $568.91 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. Lamar Advertising’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were issued a $1.40 dividend. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Wednesday, September 18th. Lamar Advertising’s dividend payout ratio is currently 112.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LAMR shares. JPMorgan Chase & Co. increased their price target on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley lifted 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 increased their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report 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 for the company in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $132.40.

About Lamar Advertising

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.