UBS Group AG Acquires 51,445 Shares of Lamar Advertising (NASDAQ:LAMR)

UBS Group AG raised its holdings in shares of Lamar Advertising (NASDAQ:LAMR – Get Rating) by 76.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,923 shares of the real estate investment trust’s stock after acquiring an additional 51,445 shares during the period. UBS Group AG owned about 0.12% of Lamar Advertising worth $11,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LAMR. American Century Companies Inc. lifted its stake in shares of Lamar Advertising by 106.4% in the 1st quarter. American Century Companies Inc. now owns 17,290 shares of the real estate investment trust’s stock valued at $2,009,000 after acquiring an additional 8,912 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Lamar Advertising by 25.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,607 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 1,146 shares during the last quarter. Citigroup Inc. grew its holdings in Lamar Advertising by 23.6% in the 1st quarter. Citigroup Inc. now owns 42,320 shares of the real estate investment trust’s stock worth $4,916,000 after acquiring an additional 8,070 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Lamar Advertising by 10.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 51,280 shares of the real estate investment trust’s stock worth $6,130,000 after acquiring an additional 5,052 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in Lamar Advertising by 11.4% in the 1st quarter. Cibc World Market Inc. now owns 2,006 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 206 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR opened at $93.77 on Tuesday. The company has a market capitalization of $9.56 billion, a P/E ratio of 22.60 and a beta of 1.38. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 2.71. The firm has a 50 day moving average of $98.53 and a 200 day moving average of $99.20. Lamar Advertising has a twelve month low of $81.10 and a twelve month high of $111.49.

Lamar Advertising (NASDAQ:LAMR – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.58). The firm had revenue of $471.33 million for the quarter, compared to the consensus estimate of $470.51 million. Lamar Advertising had a net margin of 20.59% and a return on equity of 34.70%. During the same period last year, the business earned $1.50 EPS. As a group, equities research analysts anticipate that Lamar Advertising will post 7.25 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Monday, June 19th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, June 15th. Lamar Advertising’s dividend payout ratio is currently 120.48%.

Insider Buying and Selling at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 6,000 shares of Lamar Advertising stock in a transaction on Monday, March 20th. The stock was sold at an average price of $95.63, for a total value of $573,780.00. Following the completion of the sale, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $1,912,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LAMR shares. StockNews.com started coverage on Lamar Advertising in a report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 27th. Finally, Citigroup upped their target price on Lamar Advertising from $108.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, March 1st.

Lamar Advertising Company Profile

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Lamar Advertising Co engages in advertising services. The firm rents advertising space on billboards, buses, shelters, benches, logo plates, and in airport terminals. The company was founded in 1902 and is headquartered in Baton Rouge, LA.