Capital World Investors Has $146.49 Million Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Capital World Investors lessened its stake in Lamar Advertising (NASDAQ:LAMR) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203,322 shares of the real estate investment trust’s stock after selling 801,711 shares during the quarter. Capital World Investors’ holdings in Lamar Advertising were worth $146,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in Lamar Advertising in the 4th quarter valued at about $25,000. Bessemer Group Inc. lifted its holdings in Lamar Advertising by 106.7% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 143 shares during the period. Blue Trust Inc. boosted its position in Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 108 shares during the last quarter. Versant Capital Management Inc grew its stake in Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares during the period. Finally, Avior Wealth Management LLC grew its position in Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LAMR shares. Citigroup increased their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.60.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $108.99 on Monday. Lamar Advertising has a twelve month low of $99.84 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 stock has a market cap of $11.16 billion, a P/E ratio of 30.88 and a beta of 1.34. The business’s 50-day moving average price is $116.58 and its two-hundred day moving average price is $124.33.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million for the quarter, compared to analysts’ expectations of $583.19 million. As a group, equities analysts predict that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $1.55 per share. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is 175.64%.

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.