McGlone Suttner Wealth Management Inc. Increases Stock Position in Lamar Advertising (NASDAQ:LAMR)

McGlone Suttner Wealth Management Inc. grew its holdings in Lamar Advertising (NASDAQ:LAMR) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,390 shares of the real estate investment trust’s stock after purchasing an additional 147 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Lamar Advertising were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LAMR. Wellington Management Group LLP lifted its stake in Lamar Advertising by 45.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock valued at $263,840,000 after buying an additional 617,356 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Lamar Advertising in the third quarter valued at $43,665,000. International Assets Investment Management LLC boosted its stake in shares of Lamar Advertising by 49,140.4% during the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock valued at $38,090,000 after acquiring an additional 284,523 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Lamar Advertising by 148.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after purchasing an additional 259,979 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in Lamar Advertising by 631.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock valued at $24,088,000 after purchasing an additional 155,656 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 0.2 %

Shares of NASDAQ:LAMR opened at $126.39 on Friday. The firm has a market cap of $12.94 billion, a PE ratio of 25.28 and a beta of 1.50. The company has a fifty day simple moving average of $126.14 and a 200 day simple moving average of $126.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12-month low of $102.10 and a 12-month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same quarter last year, the company posted $2.04 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders 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 4.43%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LAMR. TD Cowen raised their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company lowered their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $132.40.

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.