US Bancorp DE Has $904,000 Stock Holdings in Lamar Advertising Company $LAMR

US Bancorp DE reduced its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 4.1% in the second quarter, HoldingsChannel.com reports. The firm owned 7,452 shares of the real estate investment trust’s stock after selling 317 shares during the period. US Bancorp DE’s holdings in Lamar Advertising were worth $904,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. SWS Partners raised its holdings in Lamar Advertising by 0.6% during the 1st quarter. SWS Partners now owns 15,347 shares of the real estate investment trust’s stock valued at $1,746,000 after acquiring an additional 85 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 94 shares during the period. Signaturefd LLC boosted its holdings in shares of Lamar Advertising by 7.2% during the second quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 98 shares during the period. Louisiana State Employees Retirement System raised its stake in Lamar Advertising by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock worth $2,998,000 after buying an additional 100 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC raised its stake in Lamar Advertising by 0.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 30,870 shares of the real estate investment trust’s stock worth $3,746,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $119.02 on Friday. The firm has a 50-day moving average of $123.39 and a two-hundred day moving average of $120.04. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $137.47. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 27.68 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 (NASDAQ:LAMR) last announced its quarterly 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 net margin of 19.72% and a return on equity of 41.85%. The firm had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, research analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s payout ratio is 144.19%.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 14.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LAMR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target 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. Wells Fargo & Company lowered their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.20.

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.