Hantz Financial Services Inc. Has $3.89 Million Stock Position in Lamar Advertising Company $LAMR

Hantz Financial Services Inc. cut its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,038 shares of the real estate investment trust’s stock after selling 1,105 shares during the period. Hantz Financial Services Inc.’s holdings in Lamar Advertising were worth $3,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Bessemer Group Inc. raised its stake in shares of Lamar Advertising by 33.9% in the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 94 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Lamar Advertising during the first quarter valued at approximately $28,000. Focus Partners Wealth grew its holdings in Lamar Advertising by 14.6% during the first quarter. Focus Partners Wealth now owns 21,739 shares of the real estate investment trust’s stock valued at $2,473,000 after purchasing an additional 2,768 shares during the last quarter. Millennium Management LLC grew its holdings in Lamar Advertising by 158.6% during the first quarter. Millennium Management LLC now owns 306,887 shares of the real estate investment trust’s stock valued at $34,918,000 after purchasing an additional 188,213 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lamar Advertising by 5.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,357 shares of the real estate investment trust’s stock worth $2,349,000 after buying an additional 944 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 14.99% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $118.59 on Friday. 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 capitalization of $12.00 billion, a price-to-earnings ratio of 27.58 and a beta of 1.37. The company’s fifty day moving average is $123.01 and its two-hundred day moving average is $120.82. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $136.89.

Lamar Advertising (NASDAQ:LAMR) last released 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 net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a dividend of $1.55 per share. The ex-dividend date was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.2%. Lamar Advertising’s payout ratio is currently 144.19%.

Analysts Set New Price Targets

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

Lamar Advertising 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.