Impact Partnership Wealth LLC Boosts Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Impact Partnership Wealth LLC lifted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 24.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,635 shares of the real estate investment trust’s stock after acquiring an additional 1,323 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Lamar Advertising were worth $808,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LAMR. Blue Trust Inc. raised its position in Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the period. Brooklyn Investment Group bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $26,000. Assetmark Inc. lifted its stake in Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 143 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $126.39 on Friday. The company has a market capitalization of $12.94 billion, a P/E ratio of 25.28 and a beta of 1.50. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 52-week low of $102.10 and a 52-week high of $139.88. The company has a fifty day moving average of $126.14 and a 200-day moving average of $126.15.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same quarter last year, the company posted $2.04 earnings per share. Lamar Advertising’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.43%. Lamar Advertising’s payout ratio is presently 112.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. TD Cowen raised their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $132.40.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.