TD Asset Management Inc cut its holdings in Lamar Advertising (NASDAQ:LAMR – Free Report) by 30.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,328 shares of the real estate investment trust’s stock after selling 35,296 shares during the quarter. TD Asset Management Inc’s holdings in Lamar Advertising were worth $7,873,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. CWM LLC boosted its stake in shares of Lamar Advertising by 80.3% during the first quarter. CWM LLC now owns 429 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 191 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Lamar Advertising by 79.5% during the fourth quarter. Harbour Investments Inc. now owns 429 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 190 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Lamar Advertising during the first quarter valued at about $47,000. Institutional & Family Asset Management LLC boosted its stake in shares of Lamar Advertising by 42.6% during the first quarter. Institutional & Family Asset Management LLC now owns 646 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 193 shares in the last quarter. Finally, Cambridge Trust Co. boosted its stake in shares of Lamar Advertising by 59.4% during the first quarter. Cambridge Trust Co. now owns 652 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 243 shares in the last quarter. 79.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on LAMR. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Morgan Stanley cut their price target on Lamar Advertising from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, October 9th.
Lamar Advertising Price Performance
Shares of LAMR opened at $99.51 on Tuesday. Lamar Advertising has a 1 year low of $77.21 and a 1 year high of $111.49. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 24.63 and a beta of 1.40. The business has a 50-day moving average of $85.82 and a 200-day moving average of $91.10.
Lamar Advertising Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.02%. Lamar Advertising’s dividend payout ratio (DPR) is 123.76%.
Lamar Advertising Company Profile
Lamar Advertising Company operates as an outdoor advertising company in North America. It operates approximately 363,000 displays across the United States and Canada. It offers advertisers a range of billboard, interstate logo, transit, and airport advertising formats helping local businesses and national brands.
- Five stocks we like better than Lamar Advertising
- How to Invest in Blue Chip Stocks
- The most upgraded stocks in November have two things in common
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Monday.com rocked earnings like it’s the weekend
- How to Invest in Canada for Beginners
- Plan to own one retailer? Make it this one
Receive News & Ratings for Lamar Advertising Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising and related companies with MarketBeat.com's FREE daily email newsletter.