Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in Lamar Advertising (NASDAQ:LAMRFree Report) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,338 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the quarter. Swiss National Bank’s holdings in Lamar Advertising were worth $16,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Lamar Advertising by 243.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 282 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Lamar Advertising by 93.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 359 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 173 shares during the last quarter. Harbour Investments Inc. raised its holdings in Lamar Advertising by 79.5% in the 4th quarter. Harbour Investments Inc. now owns 429 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 190 shares during the last quarter. Signaturefd LLC raised its holdings in Lamar Advertising by 43.7% in the 3rd quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. Finally, CWM LLC raised its holdings in Lamar Advertising by 28.2% in the 2nd quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 121 shares during the last quarter. 79.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Lamar Advertising

Lamar Advertising Stock Up 0.2 %

LAMR stock opened at $105.92 on Friday. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 26.22 and a beta of 1.50. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.67. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $112.34. The firm has a 50-day moving average of $105.54 and a two-hundred day moving average of $94.77.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.72%. Lamar Advertising’s dividend payout ratio 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.

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

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