Massachusetts Financial Services Co. MA Boosts Stake in Lamar Advertising Company $LAMR

Massachusetts Financial Services Co. MA lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 22.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,064,441 shares of the real estate investment trust’s stock after acquiring an additional 197,175 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Lamar Advertising were worth $130,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in Lamar Advertising during the third quarter worth $258,000. Evergreen Capital Management LLC increased its position in shares of Lamar Advertising by 32.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,761 shares of the real estate investment trust’s stock valued at $705,000 after purchasing an additional 1,414 shares during the last quarter. Fulcrum Capital LLC raised its stake in shares of Lamar Advertising by 5.5% during the 3rd quarter. Fulcrum Capital LLC now owns 4,188 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 218 shares during the period. First National Advisers LLC raised its stake in shares of Lamar Advertising by 10.1% during the 3rd quarter. First National Advisers LLC now owns 9,285 shares of the real estate investment trust’s stock worth $1,137,000 after purchasing an additional 850 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of Lamar Advertising by 34.1% in the 3rd quarter. Stephens Inc. AR now owns 41,006 shares of the real estate investment trust’s stock worth $5,020,000 after buying an additional 10,420 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Down 1.3%

NASDAQ:LAMR opened at $130.53 on Wednesday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $134.63. The stock’s fifty day moving average price is $129.21 and its two-hundred day moving average price is $125.22. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $13.22 billion, a P/E 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 for the quarter, beating the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%.The company had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. As a group, analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $1.55 per share. 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%.

Analyst Ratings Changes

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

Lamar Advertising Company Profile

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.