4,549 Shares in Lamar Advertising Company $LAMR Purchased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,549 shares of the real estate investment trust’s stock, valued at approximately $557,000.

A number of other large investors have also recently modified their holdings of the business. True Wealth Design LLC lifted its position 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 valued at $25,000 after purchasing an additional 168 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Lamar Advertising during the 3rd quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Lamar Advertising during the 3rd quarter valued at $27,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising during the 2nd quarter worth $28,000. Finally, Loomis Sayles & Co. L P purchased a new position in Lamar Advertising in the second quarter worth $34,000. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $133.23 on Friday. The company’s fifty day simple moving average is $128.96 and its two-hundred day simple moving average is $125.61. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $134.63. The firm has a market cap of $13.49 billion, a PE ratio of 31.27 and a beta of 1.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.06. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. The company had revenue of $585.54 million during the quarter, compared to analyst estimates of $584.00 million. As a group, equities analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on LAMR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. Citigroup increased their price objective on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Morgan Stanley set a $140.00 price objective on Lamar Advertising in a report on Tuesday, December 16th. Finally, 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 note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising currently has a consensus 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.