State of Alaska Department of Revenue increased its holdings in Lamar Advertising (NASDAQ:LAMR) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,890 shares of the real estate investment trust’s stock after buying an additional 6,200 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Lamar Advertising worth $3,776,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. San Francisco Sentry Investment Group CA acquired a new position in shares of Lamar Advertising during the third quarter worth $164,000. Argent Trust Co acquired a new position in shares of Lamar Advertising during the third quarter worth $207,000. Alpha Cubed Investments LLC acquired a new position in shares of Lamar Advertising during the third quarter worth $211,000. Timber Hill LLC acquired a new position in shares of Lamar Advertising during the third quarter worth $227,000. Finally, Segment Wealth Management LLC acquired a new position in shares of Lamar Advertising during the third quarter worth $289,000. 84.41% of the stock is owned by institutional investors.
In other news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total transaction of $313,320.00. Following the sale, the director now directly owns 11,031 shares of the company’s stock, valued at $864,058.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.70% of the stock is owned by insiders.
Shares of Lamar Advertising (NASDAQ:LAMR) opened at $72.75 on Tuesday. The firm has a market cap of $7,248.46, a price-to-earnings ratio of 23.10, a PEG ratio of 4.78 and a beta of 1.15. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising has a 1-year low of $62.45 and a 1-year high of $79.17.
Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). The company had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $392.10 million. Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. Lamar Advertising’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. analysts predict that Lamar Advertising will post 4.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.56%. Lamar Advertising’s dividend payout ratio (DPR) is presently 105.40%.
A number of equities analysts have recently issued reports on the company. BidaskClub raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Citigroup downgraded Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, December 20th. Zacks Investment Research downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Lamar Advertising has an average rating of “Hold” and an average price target of $71.75.
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Lamar Advertising Profile
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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