Lamar Advertising (NASDAQ:LAMR) Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in Lamar Advertising (NASDAQ:LAMR) by 20.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,069 shares of the real estate investment trust’s stock after purchasing an additional 1,213 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lamar Advertising were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LAMR. Vanguard Group Inc. increased its position in shares of Lamar Advertising by 0.5% in the first quarter. Vanguard Group Inc. now owns 12,708,765 shares of the real estate investment trust’s stock worth $1,517,554,000 after acquiring an additional 68,484 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lamar Advertising by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust’s stock valued at $159,283,000 after buying an additional 75,955 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 81.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock valued at $112,052,000 after buying an additional 420,311 shares during the period. Centersquare Investment Management LLC lifted its stake in Lamar Advertising by 82.8% in the 1st quarter. Centersquare Investment Management LLC now owns 621,763 shares of the real estate investment trust’s stock worth $72,031,000 after acquiring an additional 281,582 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Lamar Advertising by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 566,644 shares of the real estate investment trust’s stock worth $67,664,000 after acquiring an additional 22,382 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LAMR. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Wells Fargo & Company decreased 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 note on Monday. TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley lifted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.40.

Lamar Advertising Stock Performance

Shares of LAMR opened at $127.15 on Friday. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 25.43 and a beta of 1.52. The company’s fifty day moving average is $131.98 and its 200-day moving average is $123.22. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12 month low of $95.81 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 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 business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same period in the previous year, the company earned $2.04 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Lamar Advertising will post 7.75 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were issued a $1.40 dividend. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 annualized dividend and a yield of 4.40%. The ex-dividend date was Wednesday, September 18th. Lamar Advertising’s payout ratio is 112.00%.

Lamar Advertising Company 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.