Mutual of America Capital Management LLC Sells 1,511 Shares of Lamar Advertising Company $LAMR

Mutual of America Capital Management LLC trimmed its position in Lamar Advertising Company (NASDAQ:LAMR) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,748 shares of the real estate investment trust’s stock after selling 1,511 shares during the period. Mutual of America Capital Management LLC’s holdings in Lamar Advertising were worth $5,309,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LAMR. Blair William & Co. IL raised its position in shares of Lamar Advertising by 1.5% during the 2nd quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 81 shares in the last quarter. JB Capital LLC raised its position in shares of Lamar Advertising by 0.3% during 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 buying an additional 82 shares in the last quarter. SWS Partners raised its position in shares of Lamar Advertising by 0.6% during the 1st quarter. SWS Partners now owns 15,347 shares of the real estate investment trust’s stock valued at $1,746,000 after buying an additional 85 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 94 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Lamar Advertising by 7.2% during the 2nd quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 98 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Up 0.8%

NASDAQ:LAMR opened at $121.11 on Wednesday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $137.47. 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 company’s 50-day simple moving average is $123.57 and its 200 day simple moving average is $120.25. The firm has a market capitalization of $12.26 billion, a P/E ratio of 28.17 and a beta of 1.37.

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. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.1%. Lamar Advertising’s payout ratio is 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LAMR shares. Morgan Stanley raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Wells Fargo & Company decreased their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising presently has an average rating of “Moderate Buy” and a consensus target price 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.