Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Bokf Na

Bokf Na boosted its stake in Lamar Advertising (NASDAQ:LAMR) by 30.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,867 shares of the real estate investment trust’s stock after acquiring an additional 8,182 shares during the period. Bokf Na’s holdings in Lamar Advertising were worth $4,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LAMR. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of Lamar Advertising in the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in Lamar Advertising in the 1st quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Lamar Advertising in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its stake in Lamar Advertising by 85.8% in the 1st quarter. Sound Income Strategies LLC now owns 314 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 145 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Lamar Advertising by 70.4% during the 4th quarter. Quarry LP now owns 322 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.1 %

NASDAQ LAMR traded down $0.16 during trading hours on Monday, hitting $120.31. The company had a trading volume of 19,605 shares, compared to its average volume of 400,572. Lamar Advertising has a fifty-two week low of $77.21 and a fifty-two week high of $123.25. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 24.74 and a beta of 1.52. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.38 and a quick ratio of 0.38. The firm’s 50 day moving average is $118.02 and its 200 day moving average is $114.38.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.71). The company had revenue of $498.15 million during the quarter, compared to analyst estimates of $496.98 million. Lamar Advertising had a net margin of 23.29% and a return on equity of 41.86%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. Sell-side analysts anticipate that Lamar Advertising will post 7.69 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $5.20 annualized dividend and a dividend yield of 4.32%. Lamar Advertising’s dividend payout ratio is presently 106.78%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, Director John E. Koerner III sold 17,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $120.05, for a total value of $2,040,850.00. Following the transaction, the director now owns 32,178 shares of the company’s stock, valued at $3,862,968.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research note on Thursday, July 11th. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Finally, TD Cowen initiated coverage on Lamar Advertising in a research report on Tuesday, July 16th. They issued a “buy” rating and a $135.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Lamar Advertising currently has a consensus rating of “Hold” and a consensus target price of $119.00.

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.