Mid Atlantic Financial Management Inc. ADV Lowers Stock Holdings in CROWN CASTLE IN/SH SH (NYSE:CCI)

Share on StockTwits

Mid Atlantic Financial Management Inc. ADV lowered its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,333 shares of the real estate investment trust’s stock after selling 77 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in CROWN CASTLE IN/SH SH were worth $304,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Comerica Securities Inc. lifted its position in CROWN CASTLE IN/SH SH by 4.4% in the fourth quarter. Comerica Securities Inc. now owns 6,920 shares of the real estate investment trust’s stock worth $752,000 after buying an additional 293 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CROWN CASTLE IN/SH SH by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock valued at $665,173,000 after purchasing an additional 139,365 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CROWN CASTLE IN/SH SH by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 4,929,209 shares of the real estate investment trust’s stock valued at $534,436,000 after purchasing an additional 372,285 shares in the last quarter. CWM LLC lifted its holdings in shares of CROWN CASTLE IN/SH SH by 25.9% in the first quarter. CWM LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 262 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of CROWN CASTLE IN/SH SH in the first quarter valued at $1,261,000. 91.39% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on CCI shares. Bank of America reaffirmed a “buy” rating and issued a $151.00 price target (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $125.00 to $150.00 in a research note on Thursday, August 1st. New Street Research cut shares of CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research note on Thursday, June 13th. Finally, Morgan Stanley raised their price objective on shares of CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $128.50.

In other news, Director J Landis Martin acquired 16,300 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average cost of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the acquisition, the director now owns 130,617 shares in the company, valued at approximately $16,631,462.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Sean Collins sold 1,000 shares of CROWN CASTLE IN/SH SH stock in a transaction on Friday, August 16th. The stock was sold at an average price of $143.34, for a total value of $143,340.00. Following the transaction, the vice president now directly owns 616 shares of the company’s stock, valued at $88,297.44. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Shares of NYSE CCI opened at $146.22 on Wednesday. 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 has a 52 week low of $103.21 and a 52 week high of $148.70. The firm’s fifty day moving average is $136.45 and its 200 day moving average is $129.05. The company has a market cap of $60.84 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.67 and a beta of 0.33.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.85). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. CROWN CASTLE IN/SH SH had a return on equity of 7.00% and a net margin of 14.62%. CROWN CASTLE IN/SH SH’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities research analysts anticipate that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.125 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.50 dividend on an annualized basis and a yield of 3.08%. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 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.

Read More: How to start trading in the forex market?

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

Receive News & Ratings for CROWN CASTLE IN/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE IN/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Strategic Family Wealth Counselors L.L.C. Raises Stock Holdings in Vanguard Small-Cap ETF
Strategic Family Wealth Counselors L.L.C. Raises Stock Holdings in Vanguard Small-Cap ETF
Strategic Family Wealth Counselors L.L.C. Raises Stake in Vanguard High Dividend Yield ETF
Strategic Family Wealth Counselors L.L.C. Raises Stake in Vanguard High Dividend Yield ETF
Palisades Hudson Asset Management L.P. Makes New $212,000 Investment in Merck & Co., Inc.
Palisades Hudson Asset Management L.P. Makes New $212,000 Investment in Merck & Co., Inc.
SPDR S&P Global Natural Resources ETF  Stock Holdings Decreased by Palisades Hudson Asset Management L.P.
SPDR S&P Global Natural Resources ETF Stock Holdings Decreased by Palisades Hudson Asset Management L.P.
Zhang Financial LLC Purchases 2,255 Shares of The Coca-Cola Co
Zhang Financial LLC Purchases 2,255 Shares of The Coca-Cola Co
Amgen, Inc.  Shares Acquired by Wedbush Securities Inc.
Amgen, Inc. Shares Acquired by Wedbush Securities Inc.


© 2006-2019 Ticker Report