Mutual of America Capital Management LLC Has $4.75 Million Stock Position in Lamar Advertising (NASDAQ:LAMR)

Mutual of America Capital Management LLC lowered its stake in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,902 shares of the real estate investment trust’s stock after selling 6,758 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Lamar Advertising worth $4,750,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Lamar Advertising by 243.9% during 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. grew 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 worth $30,000 after buying an additional 173 shares in the last quarter. Harbour Investments Inc. grew 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 worth $41,000 after buying an additional 190 shares in the last quarter. Signaturefd LLC grew 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 worth $41,000 after buying an additional 150 shares in the last quarter. Finally, CWM LLC grew 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 worth $55,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 79.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on LAMR

Lamar Advertising Trading Up 1.2 %

Shares of LAMR stock opened at $107.20 on Tuesday. The stock’s fifty day moving average price is $105.59 and its two-hundred day moving average price is $94.81. The company has a market cap of $10.93 billion, a PE ratio of 26.53 and a beta of 1.50. Lamar Advertising has a fifty-two week low of $77.21 and a fifty-two week 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, December 15th. Lamar Advertising’s dividend payout ratio is presently 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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