Several hedge funds have adjusted their positions in Lamar Advertising. Financial Synergies Wealth Advisors Inc. invested $25,000 in the company in Q1. Whittier Trust Co. increased its stake by 144.4% in Q2, owning 220 shares valued at $26,000. Fidelis Capital Partners LLC also bought a new stake worth around $27,000 in Q1, while MFA Wealth Advisors LLC invested about $30,000 in Q2. Additionally, Sound Income Strategies LLC expanded its position by 85.8% in Q1, owning 314 shares now worth $37,000. In total, institutional investors hold 93.78% of the company’s stock.
Lamar Advertising Price Performance
Lamar Advertising’s shares opened at $136.15 on Monday. The company has a market cap of $13.92 billion, a PE ratio of 27.96, and a beta of 1.52. Its 50-day average price is $127.80, and the 200-day average is $120.79. The debt-to-equity ratio is 2.31, with quick and current ratios both at 0.41. The stock has a 12-month low of $79.94 and a high of $139.88.
Lamar Advertising (NASDAQ:LAMR) reported earnings on August 8, with an EPS of $1.34, falling short of the expected $2.01 by $0.67. The company had a net margin of 23.34% and a 42.18% return on equity. Revenue was $565.25 million, slightly above the $564.96 million estimate, with a 4.5% year-over-year increase in revenue.
Lamar Advertising Increases Dividend
Lamar Advertising recently announced a quarterly dividend of $1.40 per share, an increase from the previous $1.30, paid on September 30. This annualizes to $5.60, providing a yield of 4.11%, with a payout ratio of 114.99%.
Analysts Set New Price Targets
Several firms updated their ratings on LAMR. TD Cowen raised their target from $135.00 to $140.00 with a “buy” rating. StockNews.com upgraded the stock from “hold” to “buy.” Wells Fargo rated it “equal weight” with a $132.00 target, while JPMorgan lifted their target from $117.00 to $121.00 with a “neutral” rating. Citigroup downgraded it from “buy” to “neutral,” setting a target of $122.00. Overall, four analysts rate it as “hold” and two as “buy,” with an average consensus rating of “Hold” and a target of $125.00.
Check Out Our Latest Stock Analysis on Lamar Advertising
About Lamar Advertising
Lamar Advertising Company operates outdoor advertising across the U.S. and Canada, managing billboards, transit ads, and renting advertising space on various structures.
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