United Services Automobile Association Acquires Shares of 5,850 Lamar Advertising Company $LAMR

United Services Automobile Association acquired a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,850 shares of the real estate investment trust’s stock, valued at approximately $658,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1248 Management LLC acquired a new stake in Lamar Advertising during the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in Lamar Advertising during the 1st quarter valued at approximately $28,000. HHM Wealth Advisors LLC lifted its stake in Lamar Advertising by 26,900.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 269 shares during the period. ST Germain D J Co. Inc. lifted its stake in Lamar Advertising by 346.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 218 shares during the period. Finally, Truvestments Capital LLC lifted its stake in Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 140 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LAMR shares. JPMorgan Chase & Co. cut their target price on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Morgan Stanley lifted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wells Fargo & Company cut their target price 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. Finally, Citigroup raised shares of Lamar Advertising from a “neutral” rating to a “buy” rating and lifted their target price for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $134.20.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $127.94 on Wednesday. The firm has a market cap of $12.95 billion, a PE ratio of 29.75 and a beta of 1.38. The firm has a fifty day moving average of $124.17 and a 200 day moving average of $119.04. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88.

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

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising’s payout ratio is presently 144.19%.

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.