Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC increased its position in shares of Lamar Advertising (NASDAQ:LAMR) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,239 shares of the real estate investment trust’s stock after acquiring an additional 230 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Lamar Advertising were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Principle Wealth Partners LLC grew its holdings in Lamar Advertising by 13.6% during the fourth quarter. Principle Wealth Partners LLC now owns 3,340 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 400 shares during the period. Stephens Inc. AR boosted its position in shares of Lamar Advertising by 7.4% in the 4th quarter. Stephens Inc. AR now owns 28,806 shares of the real estate investment trust’s stock valued at $3,507,000 after purchasing an additional 1,982 shares during the period. Empowered Funds LLC boosted its position in shares of Lamar Advertising by 85.8% in the 4th quarter. Empowered Funds LLC now owns 31,155 shares of the real estate investment trust’s stock valued at $3,793,000 after purchasing an additional 14,390 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Lamar Advertising by 1.2% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 20,574 shares of the real estate investment trust’s stock valued at $2,505,000 after purchasing an additional 242 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Lamar Advertising by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,413 shares of the real estate investment trust’s stock valued at $2,242,000 after purchasing an additional 1,596 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Lamar Advertising Trading Up 2.9 %

Shares of NASDAQ LAMR opened at $128.49 on Friday. Lamar Advertising has a one year low of $104.11 and a one year high of $139.88. The firm has a market capitalization of $13.15 billion, a PE ratio of 25.70 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The business has a 50-day moving average price of $124.87 and a two-hundred day moving average price of $126.93.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.36%. Lamar Advertising’s payout ratio is presently 112.00%.

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.