Drucker Wealth 3.0 LLC Lowers Stock Holdings in Lamar Advertising Company $LAMR

Drucker Wealth 3.0 LLC trimmed its stake in Lamar Advertising Company (NASDAQ:LAMR) by 32.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,548 shares of the real estate investment trust’s stock after selling 11,859 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Lamar Advertising were worth $3,056,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in Lamar Advertising in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new stake in shares of Lamar Advertising in the 1st quarter worth approximately $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of Lamar Advertising in the 2nd quarter worth approximately $28,000. HHM Wealth Advisors LLC lifted its position in shares of Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 269 shares during the period. Finally, Truvestments Capital LLC lifted its position in shares of Lamar Advertising by 79.5% in the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 0.9%

NASDAQ LAMR opened at $117.32 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The firm has a market cap of $11.88 billion, a PE ratio of 27.28 and a beta of 1.37. The company has a 50 day moving average price of $123.73 and a 200 day moving average price of $119.82. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a dividend of $1.55 per share. The ex-dividend date was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a yield of 5.3%. Lamar Advertising’s dividend payout ratio is presently 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 14.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LAMR shares. Morgan Stanley upped 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 report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday. Wells Fargo & Company lowered their price target on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.