CROWN CASTLE IN/SH SH (NYSE:CCI) is Anderson Hoagland & Co.’s 8th Largest Position

Anderson Hoagland & Co. trimmed its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 29,895 shares of the real estate investment trust’s stock after selling 440 shares during the period. CROWN CASTLE IN/SH SH accounts for approximately 2.6% of Anderson Hoagland & Co.’s portfolio, making the stock its 8th largest position. Anderson Hoagland & Co.’s holdings in CROWN CASTLE IN/SH SH were worth $4,340,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lucia Wealth Services LLC raised its holdings in CROWN CASTLE IN/SH SH by 7.4% during the third quarter. Lucia Wealth Services LLC now owns 15,397 shares of the real estate investment trust’s stock worth $2,140,000 after purchasing an additional 1,058 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in CROWN CASTLE IN/SH SH by 13.2% during the third quarter. TRUE Private Wealth Advisors now owns 2,862 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 333 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its position in CROWN CASTLE IN/SH SH by 17.2% during the third quarter. Ipswich Investment Management Co. Inc. now owns 4,215 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 620 shares during the period. TIAA FSB grew its position in CROWN CASTLE IN/SH SH by 2.3% during the third quarter. TIAA FSB now owns 41,125 shares of the real estate investment trust’s stock worth $5,717,000 after buying an additional 919 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in CROWN CASTLE IN/SH SH by 12.6% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,735 shares of the real estate investment trust’s stock worth $380,000 after buying an additional 305 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on CCI. JPMorgan Chase & Co. upgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $125.00 to $150.00 in a research report on Thursday, August 1st. Bank of America restated a “buy” rating and set a $151.00 target price (up from $133.00) on shares of CROWN CASTLE IN/SH SH in a research report on Wednesday, August 14th. Morgan Stanley upped their target price on shares of CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Citigroup lowered their target price on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, ValuEngine lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $131.83.

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

Shares of CCI stock traded up $0.17 during trading hours on Wednesday, hitting $137.25. The company’s stock had a trading volume of 1,273,628 shares, compared to its average volume of 1,857,201. The business has a fifty day moving average of $141.92 and a 200-day moving average of $133.30. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.58 and a beta of 0.27. CROWN CASTLE IN/SH SH has a twelve month low of $103.21 and a twelve month high of $149.47. 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 (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.85). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. CROWN CASTLE IN/SH SH had a net margin of 14.62% and a return on equity of 7.00%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts expect that CROWN CASTLE IN/SH SH will post 5.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.125 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.50 annualized dividend and a dividend yield of 3.28%. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 82.12%.

CROWN CASTLE IN/SH SH 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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