Massachusetts Financial Services Co. MA Has $130.31 Million Holdings in Lamar Advertising Company $LAMR

Massachusetts Financial Services Co. MA grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 22.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,064,441 shares of the real estate investment trust’s stock after buying an additional 197,175 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.05% of Lamar Advertising worth $130,309,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC boosted its stake in Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Quent Capital LLC bought a new stake in Lamar Advertising in the third quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in shares of Lamar Advertising during the third quarter valued at about $27,000. Ameritas Advisory Services LLC bought a new position in shares of Lamar Advertising during the 2nd quarter worth about $28,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Lamar Advertising during the 2nd quarter worth about $34,000. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of research analyst reports. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Finally, Citigroup boosted their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $133.00.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $130.53 on Wednesday. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $134.63. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04. The business has a 50 day moving average price of $129.21 and a 200-day moving average price of $125.22. The company has a market cap of $13.22 billion, a PE ratio of 30.64 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.06. The business had revenue of $585.54 million during the quarter, compared to the consensus estimate of $584.00 million. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%. Equities analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $1.55 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. Lamar Advertising’s dividend payout ratio is currently 145.54%.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.