Hancock Whitney Corp Buys 312 Shares of Lamar Advertising (NASDAQ:LAMR)

Hancock Whitney Corp grew its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,682 shares of the real estate investment trust’s stock after buying an additional 312 shares during the period. Hancock Whitney Corp’s holdings in Lamar Advertising were worth $2,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Lamar Advertising during the 3rd quarter worth approximately $323,000. Franklin Resources Inc. increased its holdings in shares of Lamar Advertising by 39.8% in the third quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock worth $7,017,000 after purchasing an additional 14,672 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Lamar Advertising in the third quarter worth $3,216,000. JPMorgan Chase & Co. boosted its stake in Lamar Advertising by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after buying an additional 90,933 shares during the period. Finally, Versant Capital Management Inc grew its position in Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 143 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LAMR has been the topic of several recent analyst reports. Citigroup raised their price target on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $134.60.

Lamar Advertising Trading Up 1.3 %

Shares of LAMR stock opened at $112.23 on Friday. The business has a 50-day moving average price of $115.14 and a two-hundred day moving average price of $123.84. Lamar Advertising has a 12-month low of $99.84 and a 12-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 firm has a market cap of $11.49 billion, a P/E ratio of 31.79 and a beta of 1.34.

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

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $1.55 dividend. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.52%. Lamar Advertising’s dividend payout ratio 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.