LPL Financial LLC Raises Stake in Lamar Advertising (NASDAQ:LAMR)

LPL Financial LLC boosted its holdings in Lamar Advertising ( NASDAQ:LAMR – Free Report ) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,019 shares of the real estate investment trust’s stock after purchasing an additional 9,455 shares during the quarter.

LPL Financial LLC owned about 0.09% of Lamar Advertising worth $11,446,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also made changes to their positions in the company.



KLP Kapitalforvaltning AS purchased a new position in shares of Lamar Advertising in the fourth quarter worth $2,569,000. Knights of Columbus Asset Advisors LLC raised its position in Lamar Advertising by 6.5% in the 4th quarter.

Knights of Columbus Asset Advisors LLC now owns 61,873 shares of the real estate investment trust’s stock worth $7,532,000 after buying an additional 3,769 shares during the last quarter. Sei Investments Co. lifted its stake in Lamar Advertising by 161.

4% during the 4th quarter. Sei Investments Co. now owns 138,337 shares of the real estate investment trust’s stock valued at $16,841,000 after acquiring an additional 85,422 shares during the period.

American Century Companies Inc. boosted its holdings in shares of Lamar Advertising by 27.6% during the 4th quarter.

American Century Companies Inc. now owns 286,082 shares of the real estate investment trust’s stock valued at $34,828,000 after acquiring an additional 61,815 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Lamar Advertising by 75.

2% in the fourth quarter. Teacher Retirement System of Texas now owns 57,949 shares of the real estate investment trust’s stock worth $7,055,000 after acquiring an additional 24,866 shares during the period. Institutional investors own 93.

78% of the company’s stock. Lamar Advertising Trading Down 5.6 % Shares of LAMR stock opened at $109.

45 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.

56 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $11.

21 billion, a price-to-earnings ratio of 31.01 and a beta of 1.53.

Lamar Advertising has a 12-month low of $108.80 and a 12-month high of $139.88.

The stock’s 50-day moving average price is $121.32 and its 200-day moving average price is $126.56.

Lamar Advertising Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $1.55 per share.

This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th.

This represents a $6.20 dividend on an annualized basis and a yield of 5.66%.

Lamar Advertising’s dividend payout ratio (DPR) is presently 175.64%. Analyst Upgrades and Downgrades LAMR has been the topic of a number of recent research reports.

Citigroup increased their target price on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th.

JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $129.00 to $126.

00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.

60. View Our Latest Analysis on LAMR About Lamar Advertising ( Free Report ) 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.

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