Massachusetts Financial Services Co. MA Purchases 232,135 Shares of Lamar Advertising (NASDAQ:LAMR)

Massachusetts Financial Services Co. MA increased its position in Lamar Advertising (NASDAQ:LAMRFree Report) by 146.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,876 shares of the real estate investment trust’s stock after buying an additional 232,135 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Lamar Advertising were worth $32,626,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Lamar Advertising by 243.9% in the second quarter. Farther Finance Advisors LLC now owns 282 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Lamar Advertising by 93.0% during the third quarter. Geneos Wealth Management Inc. now owns 359 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 173 shares during the period. Signaturefd LLC raised its position in Lamar Advertising by 43.7% during the third quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Harbour Investments Inc. raised its position in Lamar Advertising by 79.5% during the fourth quarter. Harbour Investments Inc. now owns 429 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 190 shares during the period. Finally, CWM LLC raised its position in Lamar Advertising by 28.2% during the second quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 121 shares during the period. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th.

Get Our Latest Stock Analysis on LAMR

Lamar Advertising Trading Up 0.2 %

LAMR opened at $105.92 on Friday. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 26.22 and a beta of 1.50. The stock’s 50 day moving average price is $105.51 and its 200-day moving average price is $94.72. Lamar Advertising has a one year low of $77.21 and a one year high of $112.34. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.55 and a current ratio of 0.55.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.00 annualized dividend and a yield of 4.72%. Lamar Advertising’s dividend payout ratio (DPR) is currently 123.76%.

Lamar Advertising Profile

(Free Report)

Lamar Advertising Company operates as an outdoor advertising company in North America. It operates approximately 363,000 displays across the United States and Canada. It offers advertisers a range of billboard, interstate logo, transit, and airport advertising formats helping local businesses and national brands.

See Also

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising (NASDAQ:LAMRFree Report).

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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