Lamar Advertising (NASDAQ:LAMR) Holdings Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in Lamar Advertising (NASDAQ:LAMR) by 154.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 994 shares of the real estate investment trust’s stock after purchasing an additional 604 shares during the quarter. Venturi Wealth Management LLC’s holdings in Lamar Advertising were worth $133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its holdings in shares of Lamar Advertising by 2.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock worth $500,000 after acquiring an additional 80 shares during the period. Private Advisor Group LLC lifted its stake in Lamar Advertising by 0.7% during the third quarter. Private Advisor Group LLC now owns 11,798 shares of the real estate investment trust’s stock worth $1,576,000 after purchasing an additional 82 shares during the period. Jamison Private Wealth Management Inc. grew its stake in shares of Lamar Advertising by 6.6% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,349 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 84 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Lamar Advertising by 1.0% in the 3rd quarter. Global Retirement Partners LLC now owns 9,945 shares of the real estate investment trust’s stock worth $1,329,000 after buying an additional 97 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Lamar Advertising by 1.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,603 shares of the real estate investment trust’s stock worth $789,000 after buying an additional 114 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR stock opened at $128.25 on Thursday. Lamar Advertising has a 1 year low of $94.71 and a 1 year high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 2.48. The firm’s 50 day moving average is $131.93 and its 200-day moving average is $123.19. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 25.65 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). The firm had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.04 EPS. Sell-side analysts forecast that Lamar Advertising will post 7.75 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 4.37%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date was Wednesday, September 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on LAMR shares. JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Morgan Stanley increased their target price 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. TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company decreased their price target on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $132.40.

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.