First Midwest Bank Trust Division Invests $450000 in Lamar Advertising Company (LAMR)

Rebecca Barbier
Agosto 12, 2017

As of the end of the quarter Tiaa Cref Investment Management LLC had acquired 12,548 shares growing its position 10.6%. Creative Planning raised its position in Lamar Advertising by 11.1% in the first quarter. Teachers Advisors LLC now owns 74,944 shares of the real estate investment trust's stock worth $5,039,000 after buying an additional 8,452 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Lamar Advertising by 12.7% in the fourth quarter. Westpac Banking Corp purchased a new stake in Lamar Advertising during the second quarter valued at about $176,000. Finally, SPC Financial Inc. bought a new position in shares of Lamar Advertising during the second quarter worth $221,000.

Shares of Lamar Advertising Company (LAMR) traded down 0.524% during trading on Friday, reaching $65.545. Lamar Advertising Company has a one year low of $58.68 and a one year high of $79.09. The stock has a market cap of $6.45 billion, a P/E ratio of 21.61 and a beta of 1.12. The stock is trading at $65.89 which is well below $71.39, the stock's 50 day moving average and significantly below the 200 day moving average of $73.08.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Tuesday, August 8th. As of the last earnings report the EPS was $3.05 and is projected to be $3.12 for the current year with 98,033,000 shares now outstanding. The business had revenue of $397.10 million for the quarter, compared to analysts' expectations of $399.09 million. Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. Lamar Advertising reported sales of $387.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. During the same period in the prior year, the business posted $0.84 earnings per share. Analysts expect next quarter's EPS will be $0.87 with next year's EPS projected to be $3.28.

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Analyst mean recommendation on a stock by the analyst community is at 2.80. Wells Fargo & Company lowered Lamar Advertising from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 26th. MKM Partners restated a "neutral" rating and set a $72.00 price objective (down previously from $73.00) on shares of Lamar Advertising in a research report on Friday, May 5th. Zacks Investment Research lowered Lamar Advertising from a "hold" rating to a "sell" rating in a research report on Tuesday, May 9th. BidaskClub cut Lamar Advertising from a "hold" rating to a "sell" rating in a research report on Monday, July 17th. ValuEngine raised Lamar Advertising from a "hold" rating to a "buy" rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of "Hold" and a consensus target price of $75.25.

In other news, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total value of $1,412,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lamar Advertising had 16 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Lamar Advertising Company (NASDAQ:LAMR) has "Neutral" rating given on Wednesday, February 24 by Wedbush. 50,000 Lamar Advertising Company (NASDAQ:LAMR) shares with value of $3.74M were sold by REILLY ANNA. It operates approximately three types of outdoor advertising displays, including billboards, logo signs and transit advertising displays.

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