Independent Solutions Wealth Management LLC Raises Stock Holdings in Lamar Advertising Company $LAMR

Independent Solutions Wealth Management LLC increased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,870 shares of the real estate investment trust’s stock after buying an additional 102 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Lamar Advertising were worth $3,746,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LAMR. KPP Advisory Services LLC purchased a new stake in Lamar Advertising during the 2nd quarter worth about $213,000. Knights of Columbus Asset Advisors LLC increased its holdings in Lamar Advertising by 5.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 36,455 shares of the real estate investment trust’s stock worth $4,424,000 after purchasing an additional 2,012 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Lamar Advertising by 9.4% in the 2nd quarter. QRG Capital Management Inc. now owns 21,698 shares of the real estate investment trust’s stock valued at $2,633,000 after acquiring an additional 1,872 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Lamar Advertising by 23.7% in the 2nd quarter. Segment Wealth Management LLC now owns 4,292 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 822 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Lamar Advertising during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Activity at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.99% of the stock is currently owned by insiders.

Lamar Advertising Stock Down 0.8%

Shares of LAMR opened at $122.20 on Tuesday. The firm has a 50 day simple moving average of $123.98 and a two-hundred day simple moving average of $119.74. The company has a market cap of $12.37 billion, a P/E ratio of 28.42 and a beta of 1.37. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick 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 released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The company had revenue of $579.31 million for the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio is 144.19%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Lamar Advertising in a research report on Saturday, September 27th. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Morgan Stanley increased their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company dropped their target price on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Three equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.20.

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.