Stephen P. Mumblow Sells 4,000 Shares of Lamar Advertising (LAMR) Stock

Lamar Advertising (NASDAQ:LAMR) Director Stephen P. Mumblow sold 4,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total transaction of $313,320.00. Following the completion of the sale, the director now owns 11,031 shares of the company’s stock, valued at $864,058.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Lamar Advertising (LAMR) opened at $76.72 on Friday. Lamar Advertising has a 12 month low of $62.45 and a 12 month high of $79.17. The firm has a market cap of $7,551.63, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business had revenue of $399.30 million during the quarter, compared to the consensus estimate of $392.10 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. equities research analysts anticipate that Lamar Advertising will post 4.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, December 15th. Lamar Advertising’s dividend payout ratio (DPR) is 105.40%.

Several institutional investors have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA bought a new position in shares of Lamar Advertising during the third quarter valued at about $164,000. Westpac Banking Corp bought a new position in shares of Lamar Advertising during the second quarter valued at about $176,000. Penserra Capital Management LLC lifted its position in shares of Lamar Advertising by 9.5% during the second quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 214 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of Lamar Advertising during the second quarter valued at about $204,000. Finally, Argent Trust Co bought a new position in shares of Lamar Advertising during the third quarter valued at about $207,000. 84.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on LAMR shares. BidaskClub raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Morgan Stanley dropped their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, September 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.00.

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About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

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