Lamar Advertising Company (LAMR) Position Maintained by CNA Financial Corp

CNA Financial Corp continued to hold its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,925 shares of the real estate investment trust’s stock at the end of the first quarter. CNA Financial Corp’s holdings in Lamar Advertising Company were worth $2,087,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Lamar Advertising Company during the fourth quarter worth $2,330,000. Cadence Capital Management LLC boosted its position in Lamar Advertising Company by 45.5% in the fourth quarter. Cadence Capital Management LLC now owns 6,613 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 2,069 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Lamar Advertising Company by 11.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 138,685 shares of the real estate investment trust’s stock worth $9,325,000 after buying an additional 14,741 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Lamar Advertising Company by 2.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,157 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 151 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Lamar Advertising Company by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,589 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 97 shares in the last quarter. 86.42% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Lamar Advertising Company (NASDAQ:LAMR)

Shares of Lamar Advertising Company (NASDAQ:LAMR) traded down 1.11% during trading on Tuesday, hitting $74.04. The stock had a trading volume of 480,425 shares. The stock has a 50-day moving average of $70.66 and a 200 day moving average of $72.48. Lamar Advertising Company has a 12-month low of $58.68 and a 12-month high of $79.09. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 25.20 and a beta of 1.21.

Lamar Advertising Company (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by $0.49. The business had revenue of $346.40 million during the quarter, compared to analysts’ expectations of $347.06 million. Lamar Advertising Company had a net margin of 19.18% and a return on equity of 27.42%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. On average, analysts predict that Lamar Advertising Company will post $3.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Tuesday, June 13th. Lamar Advertising Company’s dividend payout ratio is currently 112.93%.

COPYRIGHT VIOLATION WARNING: “Lamar Advertising Company (LAMR) Position Maintained by CNA Financial Corp” was first reported by Mideast Time and is the property of of Mideast Time. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.mideasttime.com/lamar-advertising-company-lamr-position-maintained-by-cna-financial-corp/1797228.html.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Lamar Advertising Company from a “hold” rating to a “sell” rating in a report on Monday, February 27th. MKM Partners restated a “neutral” rating and set a $72.00 target price (down from $73.00) on shares of Lamar Advertising Company in a report on Friday, May 5th. ValuEngine cut Lamar Advertising Company from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Loop Capital restated a “buy” rating and set a $87.00 target price on shares of Lamar Advertising Company in a report on Friday, June 9th. Finally, BidaskClub upgraded Lamar Advertising Company from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Lamar Advertising Company presently has an average rating of “Hold” and an average target price of $74.60.

In related news, Director Anna Reilly sold 50,000 shares of the stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $74.83, for a total value of $3,741,500.00. Following the completion of the transaction, the director now owns 141,859 shares of the company’s stock, valued at $10,615,308.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Mumblow sold 20,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total value of $1,412,200.00. Following the completion of the transaction, the director now directly owns 5,970 shares of the company’s stock, valued at approximately $421,541.70. The disclosure for this sale can be found here. Corporate insiders own 18.66% of the company’s stock.

About Lamar Advertising Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LAMR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising Company (NASDAQ:LAMR).

Receive News & Ratings for Lamar Advertising Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising Company and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.