Charles Schwab Investment Management Inc. Grows Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Charles Schwab Investment Management Inc. raised its position in shares of Lamar Advertising (NASDAQ:LAMR) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,003,142 shares of the real estate investment trust’s stock after buying an additional 7,008 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of Lamar Advertising worth $99,562,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. increased its holdings in shares of Lamar Advertising by 79.5% during the fourth quarter. Harbour Investments Inc. now owns 429 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 190 shares in the last quarter. CWM LLC lifted its stake in Lamar Advertising by 80.3% during the 1st quarter. CWM LLC now owns 429 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 191 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Lamar Advertising during the 1st quarter valued at approximately $47,000. Institutional & Family Asset Management LLC lifted its stake in Lamar Advertising by 42.6% during the 1st quarter. Institutional & Family Asset Management LLC now owns 646 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 193 shares during the period. Finally, Cambridge Trust Co. increased its holdings in shares of Lamar Advertising by 59.4% during the 1st quarter. Cambridge Trust Co. now owns 652 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 243 shares in the last quarter. 79.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of Lamar Advertising from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, October 9th. StockNews.com raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Monday, November 6th.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $99.51 on Tuesday. The firm has a market cap of $10.15 billion, a PE ratio of 24.63 and a beta of 1.40. The firm has a fifty day moving average of $85.82 and a 200 day moving average of $91.10. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.55 and a current ratio of 0.55. Lamar Advertising has a one year low of $77.21 and a one year high of $111.49.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Friday, September 15th. Lamar Advertising’s payout ratio is 123.76%.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in North America. It operates approximately 363,000 displays across the United States and Canada. It offers advertisers a range of billboard, interstate logo, transit, and airport advertising formats helping local businesses and national brands.