Cwm LLC Increases Stake in Lamar Advertising (NASDAQ:LAMR)

Cwm LLC raised its stake in shares of Lamar Advertising (NASDAQ:LAMR – Get Rating) by 40.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389 shares of the real estate investment trust’s stock after buying an additional 112 shares during the quarter. Cwm LLC’s holdings in Lamar Advertising were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LAMR. Quadrant Capital Group LLC grew its holdings in shares of Lamar Advertising by 64.8% in the second quarter. Quadrant Capital Group LLC now owns 290 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 114 shares in the last quarter. Private Trust Co. NA bought a new stake in Lamar Advertising in the second quarter worth $35,000. Parallel Advisors LLC lifted its position in Lamar Advertising by 102.1% in the second quarter. Parallel Advisors LLC now owns 681 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 344 shares during the last quarter. Allworth Financial LP lifted its position in Lamar Advertising by 56.0% in the third quarter. Allworth Financial LP now owns 794 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 285 shares during the last quarter. Finally, Alpha Paradigm Partners LLC bought a new stake in Lamar Advertising in the second quarter worth $80,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 0.8 %

NASDAQ:LAMR opened at $100.12 on Friday. Lamar Advertising has a twelve month low of $81.10 and a twelve month high of $119.68. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 20.52 and a beta of 1.36. The stock has a fifty day simple moving average of $96.76 and a 200-day simple moving average of $94.48. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.38.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Monday, December 19th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, December 16th. This represents a $4.80 annualized dividend and a dividend yield of 4.79%. Lamar Advertising’s dividend payout ratio (DPR) is 98.36%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Lamar Advertising in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Insider Transactions at Lamar Advertising

In related news, Director Thomas V. Reifenheiser sold 2,200 shares of Lamar Advertising stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $98.61, for a total value of $216,942.00. Following the completion of the sale, the director now directly owns 39,671 shares in the company, valued at $3,911,957.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.99% of the company’s stock.

About Lamar Advertising

(Get Rating)

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.