Lamar Advertising (NASDAQ:LAMR) Shares Bought by DSM Capital Partners LLC

DSM Capital Partners LLC boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,415 shares of the real estate investment trust’s stock after purchasing an additional 110 shares during the period. DSM Capital Partners LLC’s holdings in Lamar Advertising were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Lamar Advertising by 2.9% in the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock worth $567,632,000 after acquiring an additional 119,068 shares during the period. State Street Corp raised its position in shares of Lamar Advertising by 0.8% in the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock worth $352,752,000 after acquiring an additional 21,852 shares during the period. Geode Capital Management LLC raised its position in shares of Lamar Advertising by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock worth $274,595,000 after acquiring an additional 90,775 shares during the period. Wellington Management Group LLP raised its position in shares of Lamar Advertising by 45.5% in the third quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after acquiring an additional 617,356 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock worth $200,093,000 after acquiring an additional 90,933 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LAMR. Morgan Stanley upped their price objective 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, November 11th. Wells Fargo & Company decreased their price objective on shares of 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. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Stock Up 2.2 %

LAMR opened at $132.90 on Wednesday. Lamar Advertising has a twelve month low of $106.43 and a twelve month high of $139.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a 50-day moving average price of $124.76 and a 200 day moving average price of $127.19. The company has a market cap of $13.60 billion, a PE ratio of 26.58 and a beta of 1.51.

Lamar Advertising Dividend Announcement

The firm also recently disclosed 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 4.21%. Lamar Advertising’s dividend payout ratio is presently 112.00%.

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.