Inceptionr LLC Trims Stake in Lamar Advertising Company $LAMR

Inceptionr LLC reduced its stake in Lamar Advertising Company (NASDAQ:LAMR) by 44.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,917 shares of the real estate investment trust’s stock after selling 3,987 shares during the quarter. Inceptionr LLC’s holdings in Lamar Advertising were worth $623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Knights of Columbus Asset Advisors LLC bought a new position in Lamar Advertising in the 4th quarter worth approximately $1,872,000. SG Americas Securities LLC increased its stake in Lamar Advertising by 323.6% in the 4th quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock worth $9,531,000 after acquiring an additional 57,520 shares during the last quarter. Markel Group Inc. raised its holdings in shares of Lamar Advertising by 8.8% during the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock worth $23,417,000 after acquiring an additional 15,000 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Lamar Advertising by 4.6% during the 4th quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock valued at $29,396,000 after acquiring an additional 10,265 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Lamar Advertising by 67.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,586 shares of the real estate investment trust’s stock worth $4,378,000 after purchasing an additional 13,974 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.1%

Shares of LAMR stock opened at $159.46 on Friday. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $164.38. The stock has a market capitalization of $16.18 billion, a P/E ratio of 29.42 and a beta of 1.19. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day moving average price of $154.55 and a 200 day moving average price of $140.64.

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

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s payout ratio is presently 118.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LAMR shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $153.00 target price on shares of Lamar Advertising in a research report on Wednesday. TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $154.67.

Lamar Advertising 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.