Copperleaf Capital LLC Acquires New Holdings in Lamar Advertising Company $LAMR

Copperleaf Capital LLC bought a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,811 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other large investors have also recently bought and sold shares of LAMR. Empowered Funds LLC lifted its stake in shares of Lamar Advertising by 66.9% in the 2nd quarter. Empowered Funds LLC now owns 64,947 shares of the real estate investment trust’s stock worth $7,882,000 after acquiring an additional 26,041 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Lamar Advertising by 3.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 124,800 shares of the real estate investment trust’s stock worth $15,146,000 after purchasing an additional 4,110 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Lamar Advertising by 34.6% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 26,636 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 6,848 shares during the period. MTM Investment Management LLC bought a new position in Lamar Advertising during the 2nd quarter valued at $316,000. Finally, Ontario Teachers Pension Plan Board boosted its stake in Lamar Advertising by 42.2% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 76,689 shares of the real estate investment trust’s stock valued at $9,307,000 after purchasing an additional 22,748 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.99% of the stock is currently owned by insiders.

Lamar Advertising Stock Performance

Lamar Advertising stock opened at $129.30 on Wednesday. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $135.91. The firm’s 50 day simple moving average is $122.51 and its 200-day simple moving average is $122.08. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $13.10 billion, a P/E ratio of 30.07 and a beta of 1.36.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $585.54 million during the quarter, compared to analyst estimates of $584.00 million. As a group, equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio is currently 145.54%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LAMR shares. Wells Fargo & Company dropped their price target on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research note on Thursday, November 13th. Citigroup raised their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.75.

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.