Introduction
Lamar Advertising is a prominent outdoor advertising company that operates various billboards, transit displays, and digital billboards across the United States. In this article, we will explore the ownership of Lamar Advertising and shed light on the individuals and entities behind this successful advertising enterprise.
The Founding and Early Ownership
Lamar Advertising was founded in 1902 by Charles W. Lamar Sr. in Pensacola, Florida. Initially, the company focused on providing outdoor advertising services to local businesses. Over the years, Lamar Advertising expanded its operations and became one of the largest outdoor advertising companies in the United States.
After Charles W. Lamar Sr.’s passing, Lamar Advertising went through several changes in ownership. In 1989, the company was acquired by Baton Rouge-based Fairway Outdoor Advertising. This acquisition marked a significant milestone in Lamar Advertising’s growth and development.
Current Ownership
As of the time of writing, Lamar Advertising is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol “LAMR.” This means that the ownership of Lamar Advertising is distributed among various shareholders who own shares of the company’s stock.
The largest shareholders of Lamar Advertising are institutional investors, including mutual funds, pension funds, and other investment firms. These institutional investors hold significant stakes in the company, collectively owning a substantial portion of Lamar Advertising’s shares.
Furthermore, individual investors also own shares of Lamar Advertising. These individual shareholders can include company executives, employees, and other individuals who have invested in the company’s stock.
Key Shareholders
While the ownership of Lamar Advertising is distributed among numerous shareholders, some key individuals and entities hold significant stakes in the company. One notable entity is the Lamar family itself, which has maintained its involvement in the company since its founding. The Lamar family members, including the descendants of Charles W. Lamar Sr., continue to hold shares in Lamar Advertising.
Another significant shareholder is Vanguard Group Inc., one of the largest investment management companies in the world. Vanguard Group Inc. holds a considerable stake in Lamar Advertising, making it one of the top institutional shareholders of the company.
Other institutional investors with notable ownership in Lamar Advertising include BlackRock Inc., State Street Corporation, and Wellington Management Group LLP. These institutions, along with others, play a crucial role in shaping the ownership structure and direction of Lamar Advertising.
Conclusion
Lamar Advertising, a leading outdoor advertising company in the United States, has a diverse ownership structure. While the Lamar family remains involved in the company’s ownership, institutional investors such as Vanguard Group Inc., BlackRock Inc., and State Street Corporation also hold significant stakes. The company’s status as a publicly traded entity allows for widespread ownership among individual investors as well.
References
– NASDAQ: https://www.nasdaq.com/market-activity/stocks/lamr
– Lamar Advertising: https://www.lamar.com/
– Fairway Outdoor Advertising: https://www.fairwayoutdoor.com/
– Vanguard Group Inc.: https://investor.vanguard.com/home/
– BlackRock Inc.: https://www.blackrock.com/
– State Street Corporation: https://www.statestreet.com/
– Wellington Management Group LLP: https://www.wellington.com/
