Xponance Inc. Decreases Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Xponance Inc. trimmed its position in Lamar Advertising (NASDAQ:LAMR) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,130 shares of the real estate investment trust’s stock after selling 458 shares during the quarter. Xponance Inc.’s holdings in Lamar Advertising were worth $1,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ellsworth Advisors LLC increased its stake in shares of Lamar Advertising by 50.0% in the third quarter. Ellsworth Advisors LLC now owns 8,956 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 2,984 shares during the period. Miller Howard Investments Inc. NY increased its stake in shares of Lamar Advertising by 6.2% in the fourth quarter. Miller Howard Investments Inc. NY now owns 390,474 shares of the real estate investment trust’s stock worth $41,500,000 after buying an additional 22,778 shares during the period. Algert Global LLC increased its stake in shares of Lamar Advertising by 12.0% in the third quarter. Algert Global LLC now owns 90,105 shares of the real estate investment trust’s stock worth $7,521,000 after buying an additional 9,640 shares during the period. Signaturefd LLC boosted its holdings in Lamar Advertising by 43.7% in the third quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Lamar Advertising by 13.7% in the third quarter. Acadian Asset Management LLC now owns 7,982 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 963 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LAMR. StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Morgan Stanley lifted their price target on shares of Lamar Advertising from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 26th.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the sale, the chief financial officer now owns 10,000 shares in the company, valued at approximately $1,189,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 14.98% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $114.64 on Wednesday. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $121.99. The stock has a market cap of $11.70 billion, a PE ratio of 23.64 and a beta of 1.50. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.55. The company’s fifty day moving average price is $113.86 and its 200-day moving average price is $104.13.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.49). Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. The business had revenue of $555.91 million for the quarter, compared to the consensus estimate of $549.84 million. During the same quarter last year, the firm posted $1.91 EPS. On average, equities analysts expect that Lamar Advertising will post 7.54 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.25. Lamar Advertising’s payout ratio is 107.22%.

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.