Lamar Advertising Company $LAMR Shares Acquired by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. grew its position in Lamar Advertising Company (NASDAQ:LAMR) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,684 shares of the real estate investment trust’s stock after purchasing an additional 8,315 shares during the quarter. Leith Wheeler Investment Counsel Ltd. owned approximately 0.09% of Lamar Advertising worth $10,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mitchell Sinkler & Starr PA raised its holdings in shares of Lamar Advertising by 4.6% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 2,845 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 125 shares in the last quarter. CWM LLC raised its holdings in shares of Lamar Advertising by 144.7% in the 2nd quarter. CWM LLC now owns 29,727 shares of the real estate investment trust’s stock valued at $3,608,000 after purchasing an additional 17,581 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lamar Advertising by 29.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,042 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 2,305 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Lamar Advertising by 15.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 281 shares in the last quarter. Finally, JB Capital LLC raised its holdings in shares of Lamar Advertising by 0.3% in the 2nd quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust’s stock valued at $3,631,000 after purchasing an additional 82 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s 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 filing with the SEC, which is available through this hyperlink. Insiders own 14.99% of the company’s stock.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $117.32 on Monday. The company’s fifty day moving average price is $123.73 and its 200 day moving average price is $119.92. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $139.88. 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 firm has a market capitalization of $11.88 billion, a P/E ratio of 27.28 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) 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 company had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LAMR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Wells Fargo & Company cut 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 note on Monday, August 11th. JPMorgan Chase & Co. cut their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, August 11th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.20.

Lamar Advertising Company 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.