Marble Wealth LLC Makes New $679,000 Investment in Lamar Advertising Company $LAMR

Marble Wealth LLC bought a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,363 shares of the real estate investment trust’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Glenmede Investment Management LP boosted its stake in shares of Lamar Advertising by 3.2% during the 3rd quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 81 shares in the last quarter. REAP Financial Group LLC raised its holdings in Lamar Advertising by 16.3% during the third quarter. REAP Financial Group LLC now owns 622 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Greenleaf Trust raised its holdings in Lamar Advertising by 1.6% during the fourth quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 87 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Lamar Advertising by 0.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 19,435 shares of the real estate investment trust’s stock worth $2,460,000 after purchasing an additional 88 shares in the last quarter. Finally, Alliance Wealth Advisors LLC grew its holdings in Lamar Advertising by 2.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 3,510 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 94 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on LAMR. Wells Fargo & Company lifted their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. TD Cowen lifted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, UBS Group set a $150.00 price target on shares of Lamar Advertising in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Lamar Advertising currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $149.59 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69. The business has a fifty day moving average of $139.50 and a 200-day moving average of $133.83. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 27.60 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. As a group, analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.3%. Lamar Advertising’s payout ratio is 118.08%.

Insider Activity at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares of the company’s stock, valued at $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.24% of the stock is currently owned by company insiders.

Lamar Advertising Company 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.