Executive Wealth Management LLC Purchases 3,423 Shares of CROWN CASTLE IN/SH SH (NYSE:CCI)

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Executive Wealth Management LLC lifted its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,471 shares of the real estate investment trust’s stock after purchasing an additional 3,423 shares during the period. Executive Wealth Management LLC’s holdings in CROWN CASTLE IN/SH SH were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CCI. Ropes Wealth Advisors LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 2nd quarter valued at $25,000. Lenox Wealth Management Inc. grew its position in shares of CROWN CASTLE IN/SH SH by 2,222.2% in the 1st quarter. Lenox Wealth Management Inc. now owns 209 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Northern Oak Wealth Management Inc. bought a new stake in shares of CROWN CASTLE IN/SH SH in the 2nd quarter worth approximately $31,000. Hanson McClain Inc. grew its position in shares of CROWN CASTLE IN/SH SH by 75.2% in the 2nd quarter. Hanson McClain Inc. now owns 247 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 106 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of CROWN CASTLE IN/SH SH in the 2nd quarter worth approximately $33,000. Institutional investors own 91.28% of the company’s stock.

In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,200 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the completion of the transaction, the vice president now directly owns 1,616 shares of the company’s stock, valued at approximately $202,307.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Landis Martin bought 16,300 shares of CROWN CASTLE IN/SH SH stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the purchase, the director now directly owns 130,617 shares in the company, valued at $16,631,462.61. The disclosure for this purchase can be found here. Corporate insiders own 0.41% of the company’s stock.

A number of brokerages have recently weighed in on CCI. Morgan Stanley lifted their price objective on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. upgraded CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $125.00 to $150.00 in a research report on Thursday, August 1st. Finally, New Street Research lowered CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $126.70.

NYSE CCI opened at $141.95 on Wednesday. The stock has a market capitalization of $58.60 billion, a PE ratio of 25.90, a P/E/G ratio of 1.78 and a beta of 0.33. CROWN CASTLE IN/SH SH has a 52-week low of $103.21 and a 52-week high of $142.24. The business’s 50-day moving average price is $133.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.99.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.85). CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that CROWN CASTLE IN/SH SH will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.125 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.50 annualized dividend and a yield of 3.17%. CROWN CASTLE IN/SH SH’s payout ratio is currently 82.12%.

About CROWN CASTLE IN/SH SH

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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Institutional Ownership by Quarter for CROWN CASTLE IN/SH SH (NYSE:CCI)

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