Hedeker Wealth LLC Purchases 259 Shares of Lamar Advertising (NASDAQ:LAMR)

Hedeker Wealth LLC boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,962 shares of the real estate investment trust’s stock after purchasing an additional 259 shares during the quarter. Hedeker Wealth LLC’s holdings in Lamar Advertising were worth $2,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC purchased a new position in Lamar Advertising during the 3rd quarter valued at $43,665,000. JPMorgan Chase & Co. raised its position in Lamar Advertising by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after purchasing an additional 90,933 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Lamar Advertising by 19,961.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after purchasing an additional 109,790 shares in the last quarter. Franklin Resources Inc. raised its position in Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock valued at $7,017,000 after purchasing an additional 14,672 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Lamar Advertising by 96.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 97,498 shares of the real estate investment trust’s stock valued at $13,026,000 after purchasing an additional 47,746 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.2 %

LAMR opened at $126.55 on Friday. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 25.31 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88. The stock has a fifty day moving average price of $125.51 and a 200-day moving average price of $126.69.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same quarter last year, the firm earned $2.04 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

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

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company decreased their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $132.40.

Get Our Latest Analysis on LAMR

Lamar Advertising Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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