Braun Stacey Associates Inc. Sells 110 Shares of Lamar Advertising (NASDAQ:LAMR)

Braun Stacey Associates Inc. trimmed its stake in Lamar Advertising (NASDAQ:LAMR) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,015 shares of the real estate investment trust’s stock after selling 110 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Lamar Advertising were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Creative Planning increased its holdings in Lamar Advertising by 1.1% in the 3rd quarter. Creative Planning now owns 12,011 shares of the real estate investment trust’s stock worth $1,605,000 after acquiring an additional 131 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Lamar Advertising during the 3rd quarter valued at $2,247,000. Net Worth Advisory Group bought a new stake in Lamar Advertising during the 3rd quarter valued at $316,000. Blue Trust Inc. boosted its holdings in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in Lamar Advertising by 6.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,915 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 116 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $130.04 on Tuesday. The firm has a market capitalization of $13.31 billion, a PE ratio of 26.01 and a beta of 1.51. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a 50 day moving average price of $124.76 and a 200-day moving average price of $127.19. Lamar Advertising has a 52 week low of $105.44 and a 52 week high of $139.88.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LAMR shares. Morgan Stanley upped 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 lifted their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.