Lamar Advertising (NASDAQ:LAMR) Shares Bought by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its holdings in Lamar Advertising (NASDAQ:LAMR) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,390 shares of the real estate investment trust’s stock after buying an additional 147 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Lamar Advertising were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC increased its holdings in shares of Lamar Advertising by 2.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 80 shares during the last quarter. Private Advisor Group LLC increased its stake in Lamar Advertising by 0.7% in the third quarter. Private Advisor Group LLC now owns 11,798 shares of the real estate investment trust’s stock valued at $1,576,000 after purchasing an additional 82 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in Lamar Advertising by 6.6% during the third quarter. Jamison Private Wealth Management Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 84 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Lamar Advertising by 16.8% during the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 84 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Lamar Advertising by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LAMR. Wells Fargo & Company cut their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Morgan Stanley upped their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. TD Cowen raised their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $126.39 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company has a market cap of $12.94 billion, a P/E ratio of 25.28 and a beta of 1.50. The business has a fifty day moving average of $126.14 and a two-hundred day moving average of $126.15.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the prior year, the firm posted $2.04 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts predict that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.43%. Lamar Advertising’s payout ratio is 112.00%.

Lamar Advertising 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.