DSM Capital Partners LLC Increases Position in Lamar Advertising (NASDAQ:LAMR)

DSM Capital Partners LLC boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 14,415 shares of the real estate investment trust’s stock after acquiring an additional 110 shares during the quarter. DSM Capital Partners LLC’s holdings in Lamar Advertising were worth $1,755,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 151 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Lamar Advertising in the 3rd quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Lamar Advertising in the 3rd quarter valued at approximately $26,000. Assetmark Inc. grew its stake in shares of Lamar Advertising by 109.3% in the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LAMR. StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company reduced 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 report on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Lamar Advertising has an average rating of “Hold” and an average price target of $132.40.

Lamar Advertising Price Performance

Shares of LAMR opened at $132.90 on Wednesday. Lamar Advertising has a twelve month low of $106.43 and a twelve month high of $139.88. The firm’s fifty day simple moving average is $124.76 and its 200-day simple moving average is $127.19. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 26.58 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.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.21%. Lamar Advertising’s payout ratio is 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.