Lamar Advertising (NASDAQ:LAMR) Stock Holdings Lessened by HF Advisory Group LLC

HF Advisory Group LLC cut its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,161 shares of the real estate investment trust’s stock after selling 348 shares during the quarter. HF Advisory Group LLC’s holdings in Lamar Advertising were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. HB Wealth Management LLC purchased a new position in shares of Lamar Advertising in the fourth quarter worth approximately $414,000. Hennion & Walsh Asset Management Inc. grew its position in Lamar Advertising by 28.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,611 shares of the real estate investment trust’s stock worth $2,509,000 after purchasing an additional 4,545 shares in the last quarter. Park Avenue Securities LLC raised its stake in Lamar Advertising by 16.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,495 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 484 shares during the period. Oak Thistle LLC purchased a new stake in shares of Lamar Advertising in the fourth quarter valued at $253,000. Finally, Accurate Wealth Management LLC lifted its holdings in shares of Lamar Advertising by 11.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,654 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 265 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of LAMR opened at $125.25 on Friday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company’s fifty day moving average price is $126.30 and its 200 day moving average price is $125.99. The company has a market capitalization of $12.82 billion, a PE ratio of 25.05 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.47%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LAMR shares. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen increased their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $132.40.

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.