Cwm LLC Has $256,000 Position in Lamar Advertising (NASDAQ:LAMR)

Cwm LLC reduced its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,913 shares of the real estate investment trust’s stock after selling 995 shares during the period. Cwm LLC’s holdings in Lamar Advertising were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LAMR. Whittier Trust Co. boosted its position in shares of Lamar Advertising by 144.4% during the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 130 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Lamar Advertising during the 1st quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of Lamar Advertising during the 2nd quarter valued at about $30,000. Sound Income Strategies LLC boosted its position in Lamar Advertising by 85.8% in the first quarter. Sound Income Strategies LLC now owns 314 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 145 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Lamar Advertising in the second quarter valued at about $45,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Trading Down 0.2 %

Shares of NASDAQ LAMR opened at $135.89 on Wednesday. Lamar Advertising has a 1-year low of $79.94 and a 1-year high of $139.88. The company has a market cap of $13.89 billion, a PE ratio of 27.90 and a beta of 1.52. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average of $128.56 and a two-hundred day moving average of $121.08.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The company had revenue of $565.25 million during the quarter, compared to the consensus estimate of $564.96 million. During the same period in the prior year, the firm posted $1.90 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that Lamar Advertising will post 7.75 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.12%. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date was Wednesday, September 18th. Lamar Advertising’s payout ratio is 114.99%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price target on shares of Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research report on Thursday, July 11th. StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company assumed coverage on shares of Lamar Advertising in a research report on Thursday, September 19th. They issued an “equal weight” rating and a $132.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and a consensus price target of $125.00.

About Lamar Advertising

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.