Lamar Advertising Company $LAMR Stake Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 29.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,042 shares of the real estate investment trust’s stock after purchasing an additional 2,305 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lamar Advertising were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Concurrent Investment Advisors LLC lifted its holdings in shares of Lamar Advertising by 15.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 281 shares in the last quarter. JB Capital LLC raised its holdings in shares of Lamar Advertising by 0.3% during the second quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust’s stock worth $3,631,000 after acquiring an additional 82 shares in the last quarter. Endeavor Private Wealth Inc. raised its holdings in shares of Lamar Advertising by 3.3% during the second quarter. Endeavor Private Wealth Inc. now owns 5,152 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 166 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Lamar Advertising by 304.0% during the second quarter. IFP Advisors Inc now owns 703 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 529 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Lamar Advertising by 1.5% during the second quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LAMR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Wells Fargo & Company cut their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Finally, Morgan Stanley increased their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.20.

Insiders Place Their Bets

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.99% of the stock is currently owned by company insiders.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $119.02 on Friday. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $137.47. The stock’s 50-day moving average is $123.39 and its two-hundred day moving average is $120.07. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $12.05 billion, a P/E ratio of 27.68 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is 144.19%.

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.