CROWN CASTLE IN/SH SH (NYSE:CCI) Shares Bought by Private Wealth Partners LLC

Private Wealth Partners LLC raised its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,569 shares of the real estate investment trust’s stock after purchasing an additional 869 shares during the period. Private Wealth Partners LLC’s holdings in CROWN CASTLE IN/SH SH were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth Bank of Australia raised its position in shares of CROWN CASTLE IN/SH SH by 31.4% during the 1st quarter. Commonwealth Bank of Australia now owns 2,174,349 shares of the real estate investment trust’s stock valued at $278,303,000 after acquiring an additional 519,210 shares in the last quarter. Argent Capital Management LLC acquired a new stake in shares of CROWN CASTLE IN/SH SH during the 1st quarter valued at approximately $51,756,000. California Public Employees Retirement System raised its position in shares of CROWN CASTLE IN/SH SH by 18.8% during the 1st quarter. California Public Employees Retirement System now owns 2,460,798 shares of the real estate investment trust’s stock valued at $314,982,000 after acquiring an additional 388,843 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CROWN CASTLE IN/SH SH by 8.2% during the 4th 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 acquiring an additional 372,285 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of CROWN CASTLE IN/SH SH by 7.3% during the 1st quarter. Jennison Associates LLC now owns 4,904,370 shares of the real estate investment trust’s stock valued at $627,759,000 after acquiring an additional 332,614 shares in the last quarter. 91.39% of the stock is currently owned by institutional investors.

In other CROWN CASTLE IN/SH SH news, Director J Landis Martin purchased 16,300 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $127.33 per share, with a total value of $2,075,479.00. Following the completion of the purchase, the director now owns 130,617 shares in the company, valued at approximately $16,631,462.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert Sean Collins sold 1,000 shares of the 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 completion of the transaction, the vice president now directly owns 616 shares of the company’s stock, valued at approximately $88,297.44. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

CCI has been the topic of several research reports. JPMorgan Chase & Co. raised CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and upped their price target for the company from $125.00 to $150.00 in a research report on Thursday, August 1st. New Street Research lowered CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research report on Thursday, June 13th. Bank of America reissued a “buy” rating and set a $151.00 price target (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. Finally, Morgan Stanley upped their price target on CROWN CASTLE IN/SH SH from $129.00 to $138.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. CROWN CASTLE IN/SH SH presently has an average rating of “Hold” and a consensus price target of $128.50.

CCI traded up $0.66 during trading on Thursday, reaching $145.83. 21,236 shares of the company were exchanged, compared to its average volume of 1,838,867. The stock has a market cap of $60.49 billion, a P/E ratio of 26.52, a PEG ratio of 1.66 and a beta of 0.33. The firm has a 50 day moving average of $134.97 and a 200 day moving average of $128.18. The company has a current ratio of 0.76, a quick 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 $145.72.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $0.36 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts forecast that CROWN CASTLE IN/SH SH will post 5.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.125 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.50 annualized dividend and a dividend yield of 3.09%. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.

CROWN CASTLE IN/SH SH Company Profile

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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