ABN Amro Investment Solutions Decreases Stake in Lamar Advertising Company $LAMR

ABN Amro Investment Solutions trimmed its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 46.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,280 shares of the real estate investment trust’s stock after selling 22,710 shares during the period. ABN Amro Investment Solutions’ holdings in Lamar Advertising were worth $3,217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LAMR. Geode Capital Management LLC lifted its stake in Lamar Advertising by 27.8% in the second quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock worth $284,577,000 after acquiring an additional 510,025 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Lamar Advertising by 123.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after purchasing an additional 816,217 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Lamar Advertising by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust’s stock worth $157,697,000 after purchasing an additional 5,080 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Lamar Advertising during the 2nd quarter worth $141,931,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lamar Advertising by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,162,468 shares of the real estate investment trust’s stock worth $141,077,000 after purchasing an additional 52,800 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.4%

NASDAQ:LAMR opened at $131.79 on Monday. The company has a market capitalization of $13.35 billion, a PE ratio of 30.94 and a beta of 1.23. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $136.69. The stock’s 50 day moving average price is $128.99 and its 200 day moving average price is $125.90. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s payout ratio is presently 145.54%.

Analysts Set New Price Targets

LAMR has been the topic of a number of analyst reports. Citigroup raised their price target on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Finally, Morgan Stanley set a $140.00 price target on Lamar Advertising in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $133.00.

Lamar Advertising Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.