Wellington Management Group LLP Buys 27,100 Shares of Lamar Advertising Company $LAMR

by · The Markets Daily

Wellington Management Group LLP increased its stake in shares of Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,125,742 shares of the real estate investment trust’s stock after buying an additional 27,100 shares during the quarter. Wellington Management Group LLP’s holdings in Lamar Advertising were worth $331,573,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LAMR. Knights of Columbus Asset Advisors LLC bought a new position in Lamar Advertising during the fourth quarter valued at about $1,872,000. Legal & General Group Plc raised its position in Lamar Advertising by 4.6% in the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after acquiring an additional 10,265 shares during the period. Markel Group Inc. raised its position in Lamar Advertising by 8.8% in the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock worth $23,417,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Lamar Advertising by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after acquiring an additional 11,586 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Lamar Advertising by 3.8% in the fourth quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust’s stock valued at $97,715,000 after acquiring an additional 27,907 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $150.38 on Monday. The business’s fifty day moving average is $156.78 and its 200 day moving average is $145.37. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 27.44 and a beta of 1.19. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The business had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Research analysts predict that Lamar Advertising Company will post 8.43 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LAMR. Morgan Stanley set a $170.00 price target on Lamar Advertising in a research report on Friday, August 7th. TD Cowen upped their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company increased their target price on shares of Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.17.

Read Our Latest Research Report on LAMR

About Lamar Advertising

(Free Report)

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.

Further Reading

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