Lamar Advertising Company (NASDAQ:LAMR) To Report Earnings

Angelo Anderson
March 1, 2018

These shares are worth $313,320 and were traded at $78.33 each.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity. It has underperformed by 21.16% the S&P500.

Ws Management Lllp decreased Lamar Advertising Co New (LAMR) stake by 24.92% reported in 2017Q3 SEC filing.

In other news, Director Stephen P. Mumblow sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, December 14th. BlackRock Inc. now owns 7,690,836 shares of the real estate investment trust's stock valued at $570,968,000 after acquiring an additional 23,986 shares during the last quarter. The third largest holder is Vanguard Group Inc, which now holds $514.48 million worth of this stock and that ownership represents almost 7.96% of its market capitalization. The stock decreased 1.70% or $1.16 during the last trading session, reaching $66.98. About 37.98M shares traded. Lamar Advertising Co New now has $6.59B valuation. It has underperformed by 21.16% the S&P500. Lamar Advertising has a fifty-two week low of $62.45 and a fifty-two week high of $79.17. Therefore 50% are positive. Citigroup lowered shares of Lamar Advertising from a neutral rating to a sell rating and set a $68.00 price target on the a research report on Wednesday, December 20th. Zacks Investment Research lowered Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley upped their target price on Lamar Advertising from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, February 9th. The firm has "Buy" rating by UBS given on Friday, October 23. Lamar Advertising presently has an average rating of "Hold" and a consensus target price of $72.25.

In the transaction dated March 20, 2017, the great number of shares disposed came courtesy the CFO; Istre Keith A disposed a total of 25,000 shares at an average price of $77.47, amounting to approximately $1,936,750. Its down 0.15, from 1 in 2017Q2.

On 3/9/2017 John Maxwell Hamilton, Director, sold 4,000 with an average share price of $76.20 per share and the total transaction amounting to $304,800.00. 33 funds opened positions while 131 raised stakes. Kayne Anderson Rudnick Inv Mgmt Lc invested in 474,256 shares.

Lamar Advertising Co., the Baton Rouge-based outdoor advertising giant, reported adjusted funds from operations increased 5.3 percent for the fourth quarter to $135.8 million, or $1.38 per share, from $128.9 million, or $1.32 per share, for the same period in 2016. Frontier Mgmt holds 0.05% or 8,400 shares in its portfolio. Parkside Bancshares Tru has invested 0% in Lamar Advertising Company (NASDAQ:REIT). Caprock Grp reported 12,164 shares. Cwm Ltd Liability reported 0% of its portfolio in Lamar Advertising Company (NASDAQ:REIT). Cohen And Steers holds 2.96 million shares.

Shares of Lamar Advertising closed the previous trading session at 73.56 up +0.92 1.27% with 73.55999755859375 shares trading hands. San Francisco Sentry Investment (Ca) invested in 0.06% or 2,400 shares. The biggest holder now is Charles W. Lamar, III who owns 541,321 shares (0.55% of those outstanding), whilst Kevin P. Reilly, Jr holds 248,699 (0.25% of shares outstanding) and Keith A. Istre holds 144,253 (0.15% of shares outstanding). Topeka Capital Markets maintained Lamar Advertising Company (NASDAQ:REIT) rating on Thursday, August 6.

On 11/28/2017 announced a quarterly dividend of $0.83 4.48% with an ex dividend date of 12/15/2017 which will be payable on 12/18/2017. Cibc Asset Management holds 0% or 3,349 shares. 34,630 are held by First Manhattan. BidaskClub raised Lamar Advertising from a "hold" rating to a "buy" rating in a research report on Thursday, December 7th.

Steinberg Global Asset Management, which manages about $604.10M and $680.23 million US Long portfolio, decreased its stake in Calgon Carbon Corp (NYSE:CCC) by 38,699 shares to 46,084 shares, valued at $986,000 in 2017Q3, according to the filing. It also reduced Anheuser Busch Inbev Sa/Nv (NYSE:BUD) stake by 3,048 shares and now owns 99,994 shares. (NYSE:ABBV). Letko Brosseau Assoc reported 0.51% in AbbVie Inc.

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