<div id="readability-page-1"><p>Gallacher Capital Management LLC acquired a new position in Lamar Advertising (NASDAQ:LAMR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,752 shares of the real estate investment trust's stock, valued at approximately $807,000.</p><div><p><span></span><span>Get <strong>Lamar Advertising</strong> alerts:</span></p></div><p>A number of other hedge funds have also recently made changes to their positions in the business. Financial Synergies Wealth Advisors Inc. purchased a new stake in Lamar Advertising during the 1st quarter valued at about $25,000. Whittier Trust Co. boosted its stake in shares of Lamar Advertising by 144.4% during the second quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 130 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Lamar Advertising in the first quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Lamar Advertising in the fourth quarter worth $30,000. Finally, MFA Wealth Advisors LLC bought a new stake in Lamar Advertising during the 2nd quarter valued at $30,000. 93.78% of the stock is currently owned by institutional investors. </p><h2>Lamar Advertising Price Performance</h2><p>Shares of NASDAQ LAMR opened at $122.63 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.41 and a quick ratio of 0.41. Lamar Advertising has a 1 year low of $77.21 and a 1 year high of $126.80. The company's 50-day moving average is $119.46 and its 200 day moving average is $117.25. The stock has a market capitalization of $12.54 billion, a P/E ratio of 25.18 and a beta of 1.52. </p><p>Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.67). Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The firm had revenue of $565.25 million during the quarter, compared to the consensus estimate of $564.96 million. During the same period in the prior year, the company posted $1.90 EPS. The firm's revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Lamar Advertising will post 7.75 earnings per share for the current year. </p><h2>Lamar Advertising Increases Dividend</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Wednesday, September 18th. This is a boost from Lamar Advertising's previous quarterly dividend of $1.30. Lamar Advertising's payout ratio is 114.99%. </p><h2>Analyst Upgrades and Downgrades</h2><p>LAMR has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of Lamar Advertising from $135.00 to $140.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, August 9th. StockNews.com upgraded Lamar Advertising from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Friday, May 31st. JPMorgan Chase &amp; Co. upped their price target on Lamar Advertising from $117.00 to $121.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, July 31st. Finally, Citigroup lowered Lamar Advertising from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $122.00 price objective on the stock. in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of &#34;Hold&#34; and a consensus target price of $123.25.</p><p><b>Check Out Our Latest Research Report on LAMR</b></p><h2>Lamar Advertising Company Profile</h2> (Free Report)<p>Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Lamar Advertising</li><li>What is a SEC Filing?</li><li>GE Vernova's Rally Could Continue as Wind Business Gains Ground</li><li>Stock Splits, Do They Really Impact Investors?</li><li>DraftKings vs. DoubleDown: Growth in the Online Gambling Boom</li><li>How to Start Investing in Real Estate</li><li>Join UiPath’s AI Surge and Catch the Coming Stock Price Reversal</li></ul><p><strong>Want to see what other hedge funds are holding LAMR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising (NASDAQ:LAMR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TEFNUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TEFNUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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LAMR

<p>Gallacher Capital Management LLC purchased 6,752 shares of Lamar Advertising (NASDAQ:LAMR) in Q2 as per a 13F filing. Other hedge funds also made changes to their positions. Lamar Advertising reported a Q2 EPS of $0.34, missing estimates, and announced a quarterly dividend of $0.40, up from $0.30, with a yield of 4.57%. Analyst ratings vary with mixed outlooks.</p>

Gallacher Capital Management LLC Purchases Shares of 6,752 Lamar Advertising (NASDAQ:LAMR)