Culture

Lamar Advertising Company (NASDAQ:LAMR) Shares Bought by Wells Fargo & Company MN

Vanguard Group Inc. now owns 6,742,042 shares of the real estate investment trust's stock worth $496,013,000 after acquiring an additional 139,256 shares during the period.

Other hedge funds have also recently bought and sold shares of the company. Finally, Sei Investments Co. grew its holdings in shares of Lamar Advertising by 44.6% during the 1st quarter. Bridgewater Associates LP now owns 4,414 shares of the real estate investment trust's stock valued at $330,000 after purchasing an additional 14 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Lamar Advertising during the 1st quarter worth about $169,000. Two Sigma Securities LLC bought a new stake in shares of Lamar Advertising in the 1st quarter worth approximately $220,000. State Street Corp boosted its position in Lamar Advertising by 2.2% in the first quarter. Avenir Corp now owns 9,410 shares of the real estate investment trust's stock valued at $703,000 after purchasing an additional 50 shares during the period. BlackRock Inc. boosted its position in Lamar Advertising by 16,176.3% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust's stock valued at $634,000 after purchasing an additional 75 shares during the period. Cwm Ltd Liability Corporation invested in 210 shares or 0% of the stock. If you are accessing this piece on another website, it was stolen and reposted in violation of USA and worldwide copyright and trademark legislation. If you are viewing this story on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright law.

Lamar Advertising Company (NASDAQ:LAMR) has been recommended as a long term growth pick according to Beta Research. With their stock price now trading around $64.42, the firm has proven a solid track record of growth over the past few years.

Lamar Advertising Company's P/E ratio is 20.97 and the market value is 6.27B. The firm has a 50-day moving average price of $65.49 and a 200 day moving average price of $70.84. Lamar Advertising has a 12-month low of $58.68 and a 12-month high of $79.09.

Lamar Advertising Company (NASDAQ:LAMR) opened at 63.97 on Wednesday. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.37). Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. As of the latest earnings report the EPS was $3.05 and is expected to be $3.11 for the current year with 98,033,000 shares outstanding. Investors of record on Friday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.19%. Lamar Advertising's dividend payout ratio is 109.21%.

A number of research analysts have issued reports on LAMR shares.

August 11 investment analysts at Citigroup made no change to the stock rating of "Neutral" and raised the price expectation from $61.00 to $66.00.

COPYRIGHT VIOLATION WARNING: "Lamar Advertising Company (LAMR) Price Target Cut to $68.00 by Analysts at Morgan Stanley" was reported by Week Herald and is the sole property of of Week Herald. Zacks Investment Research upgraded shares of Lamar Advertising from a "sell" rating to a "hold" rating in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Lamar Advertising from a "sell" rating to a "strong sell" rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Finally, MKM Partners dropped their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a "neutral" rating on the stock in a report on Wednesday, August 9th.

More notable recent Lamar Advertising Company (NASDAQ:LAMR) news were published by: Globenewswire.com which released: "Lamar Advertising Acquires Billboards from Steen Outdoor Advertising" on August 04, 2017, also Seekingalpha.com with their article: "Lamar Advertising's (LAMR) CEO Sean Reilly Presents at Goldman Sachs ..." published on September 13, 2017, Nasdaq.com published: "Lamar Advertising Company (LAMR) Ex-Dividend Date Scheduled for September 14, 2017" on September 13, 2017. The Company operates in the advertising segment. The firm primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates.



Like this

loading...
loading...

Latest


21 September 2017
Packers bringing back Ricky Jean Francois
Depending on however long that is, you can expect a few more Dunkin Donuts establishments to pop up around Green Bay. Without Daniels, the Packers have just three healthy defensive linemen: Dean Lowry , Kenny Clark and Quinton Dial.

21 September 2017
Brokerage Firms Rate Pioneer Natural Resources Company Price Target at $203.24
Pioneer Natural Resources Company (PXD ) traded up 3.05% during midday trading on Wednesday, hitting $141.27. Imperial Capital assumed coverage on Pioneer Natural Resources in a research report on Tuesday, August 22nd.

21 September 2017
London terror attack: Suspect in Parsons Green bombing given away by hat
Leader of Spelthorne Borough Council Ian Harvey said the teen is understood to be an Iraqi orphan who had moved to Britain when he was 15.

21 September 2017
Shooting At Kansas Department Of Revenue Leaves 1 Critically Injured, Suspect Arrested
Holloway has been now listed in stable condition as he was taken to the Wichita hospital for treatment soon after he was shot. EDT regarding a shooting at the department's office in the Twin Lakes Shopping Center located at 21st Street and Amidon.

21 September 2017
Envision Healthcare Holdings, Inc. (EVHC) Closed its Previous Trade at $43.11
When a stock traded on high volume then is it is good time for active Investors to attain the opportunity of this situation. The physician services segment includes the Business's hospital-based and non-hospital-based physician services business.

21 September 2017
Polarisation is central challenge, anger building up over jobs: Rahul
Highlighting the contribution of NRIs, Rahul said, "The original Congress movement was an NRI movement. During the trip he had addressed students of the prestigious University of California, Berkeley.

21 September 2017
Warm through the end of the work week. A slight change for the weekend
A slight chance of showers and thunderstorms move in tomorrow afternoon and evening, but coverage should stay isolated. With temperatures in the upper 80s, the high humidity and the sunshine it may feel well above the 90 degree mark.

21 September 2017
Parsley Energy, Inc. Class A (NYSE:PE) Sees Significantly Higher Trading Volume
Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK) has declined 6.78% since September 16, 2016 and is downtrending. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.

21 September 2017
Plains GP Holdings, LP (PAGP)
Talara Capital Mgmt Limited Liability Company has invested 1.97% of its portfolio in Plains GP Holdings LP (NYSE: PAGP ). The stock of Plains GP Holdings LP (NYSE: PAGP ) earned "Sector Perform" rating by Howard Weil on Monday, October 10.

21 September 2017
Lazio take the lead against Napoli, AC Milan ahead
Three goals in five second-half minutes helped fire Napoli to the top of the Serie A table with a 4-1 win at Lazio. It is 27 years since Napoli last won the Serie A title, when Diego Maradona played for the Naples club.