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: which released: "Lamar Advertising Acquires Billboards from Steen Outdoor Advertising" on August 04, 2017, also with their article: "Lamar Advertising's (LAMR) CEO Sean Reilly Presents at Goldman Sachs ..." published on September 13, 2017, 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.

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