Accurate Wealth Management LLC Boosts Stock Position in Lamar Advertising Company $LAMR

Accurate Wealth Management LLC lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,281 shares of the real estate investment trust’s stock after purchasing an additional 122 shares during the quarter. Accurate Wealth Management LLC’s holdings in Lamar Advertising were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SWS Partners grew its holdings in shares of Lamar Advertising by 0.6% in the first quarter. SWS Partners now owns 15,347 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 85 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 94 shares in the last quarter. MAI Capital Management grew its holdings in shares of Lamar Advertising by 44.0% in the first quarter. MAI Capital Management now owns 360 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Lamar Advertising by 2.7% in the first quarter. Gilbert & Cook Inc. now owns 4,455 shares of the real estate investment trust’s stock valued at $507,000 after purchasing an additional 117 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of Lamar Advertising by 0.5% in the first quarter. Tocqueville Asset Management L.P. now owns 21,993 shares of the real estate investment trust’s stock valued at $2,502,000 after purchasing an additional 120 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts 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. Wells Fargo & Company dropped 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 research note on Monday, August 11th. Morgan Stanley lifted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, Citigroup raised shares of Lamar Advertising from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.20.

Lamar Advertising Stock Down 2.0%

NASDAQ LAMR opened at $120.60 on Friday. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 28.05 and a beta of 1.38. The company has a fifty day moving average of $124.40 and a two-hundred day moving average of $119.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45.

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, topping the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is 144.19%.

About Lamar Advertising

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.