Lamar Advertising (NASDAQ:LAMR) Shares Sold by Burney Co.

Burney Co. lowered its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,638 shares of the real estate investment trust’s stock after selling 340 shares during the quarter. Burney Co.’s holdings in Lamar Advertising were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LAMR. Park Avenue Securities LLC raised its stake in Lamar Advertising by 16.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,495 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 484 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Lamar Advertising during the fourth quarter worth about $253,000. Accurate Wealth Management LLC lifted its holdings in shares of Lamar Advertising by 11.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,654 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 265 shares during the last quarter. Pensionfund Sabic purchased a new stake in shares of Lamar Advertising in the 4th quarter valued at about $511,000. Finally, Pensionfund DSM Netherlands purchased a new position in Lamar Advertising during the 4th quarter worth approximately $998,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Up 1.8 %

Shares of Lamar Advertising stock opened at $121.65 on Friday. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company has a market cap of $12.45 billion, a P/E ratio of 24.33 and a beta of 1.50. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a fifty day moving average of $126.37 and a two-hundred day moving average of $125.88.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (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 firm had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the prior year, the company earned $2.04 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that Lamar Advertising will post 7.49 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio is presently 112.00%.

Analysts Set New Price Targets

LAMR has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Morgan Stanley increased their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $132.40.

Lamar Advertising 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.