Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Friday, November 29, 2019 4:02:38 PM
By: THE STOCK OBSERVER | November 28, 2019
SWS Partners lessened its holdings in CROWN CASTLE IN/SH SH (NYSE:CCI) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,765 shares of the real estate investment trust’s stock after selling 465 shares during the period. SWS Partners’ holdings in CROWN CASTLE IN/SH SH were worth $371,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of CROWN CASTLE IN/SH SH by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 54,057,163 shares of the real estate investment trust’s stock worth $7,046,352,000 after acquiring an additional 207,370 shares during the last quarter. Magellan Asset Management Ltd increased its stake in CROWN CASTLE IN/SH SH by 0.8% in the 2nd quarter. Magellan Asset Management Ltd now owns 12,357,664 shares of the real estate investment trust’s stock valued at $1,610,822,000 after buying an additional 99,687 shares during the last quarter. Northern Trust Corp increased its stake in CROWN CASTLE IN/SH SH by 0.9% in the 2nd quarter. Northern Trust Corp now owns 5,629,253 shares of the real estate investment trust’s stock valued at $733,773,000 after buying an additional 50,909 shares during the last quarter. California Public Employees Retirement System increased its stake in CROWN CASTLE IN/SH SH by 10.9% in the 3rd quarter. California Public Employees Retirement System now owns 3,346,532 shares of the real estate investment trust’s stock valued at $465,201,000 after buying an additional 329,577 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in CROWN CASTLE IN/SH SH by 25.5% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,992,828 shares of the real estate investment trust’s stock valued at $259,766,000 after buying an additional 404,726 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.
Get CROWN CASTLE IN/SH SH alerts:
CCI traded down $0.63 on Thursday, hitting $133.78. The company’s stock had a trading volume of 2,048,645 shares, compared to its average volume of 2,205,229. The company’s 50 day simple moving average is $136.43 and its 200-day simple moving average is $135.82. The firm has a market cap of $54.63 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.49 and a beta of 0.28. CROWN CASTLE IN/SH SH has a 12 month low of $103.21 and a 12 month high of $149.47. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.05.
CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. CROWN CASTLE IN/SH SH had a net margin of 16.12% and a return on equity of 8.07%. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Equities analysts predict that CROWN CASTLE IN/SH SH will post 5.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.59%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 82.12%.
In other CROWN CASTLE IN/SH SH news, COO Robert Carl Ackerman sold 10,500 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $143.43, for a total value of $1,506,015.00. Following the completion of the transaction, the chief operating officer now directly owns 7,806 shares of the company’s stock, valued at approximately $1,119,614.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J Landis Martin purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of $130.62 per share, with a total value of $130,620.00. Following the completion of the acquisition, the director now owns 131,617 shares in the company, valued at $17,191,812.54. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.
CCI has been the subject of several analyst reports. Zacks Investment Research upgraded shares of CROWN CASTLE IN/SH SH from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Wednesday. UBS Group raised their price target on shares of CROWN CASTLE IN/SH SH from $130.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. SunTrust Banks raised their price target on shares of CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. 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. Finally, ValuEngine lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and an average price target of $136.08.
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.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent CCI News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 08:45:45 PM
- Crown Castle to Present at the 2024 RBC Capital Markets Global Communications Infrastructure Conference • GlobeNewswire Inc. • 09/10/2024 08:15:36 PM
- Crown Castle to Present at the Goldman Sachs 2024 Communacopia & Technology Conference • GlobeNewswire Inc. • 08/28/2024 08:15:47 PM
- Crown Castle to Present at Citi’s 2024 Global TMT Conference • GlobeNewswire Inc. • 08/22/2024 08:15:06 PM
- Crown Castle to Present at the Bank of America 2024 Media, Communications & Entertainment Conference • GlobeNewswire Inc. • 08/21/2024 08:15:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 01:04:38 PM
- Crown Castle Releases 2023 ESG Report • GlobeNewswire Inc. • 08/14/2024 01:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:22:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:18:04 PM
- Crown Castle Declares Quarterly Common Stock Dividend • GlobeNewswire Inc. • 08/07/2024 08:14:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:39:21 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/06/2024 08:35:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/05/2024 09:27:53 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 08/02/2024 09:23:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:23:01 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/01/2024 09:16:26 PM
- Crown Castle Announces Pricing of Senior Notes Offering • GlobeNewswire Inc. • 08/01/2024 09:02:35 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/01/2024 12:30:09 PM
- Crown Castle Announces Proposed Offering of Senior Notes • GlobeNewswire Inc. • 08/01/2024 12:26:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:11:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 10:38:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/23/2024 08:07:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:09:46 PM
- Crown Castle Reports Second Quarter 2024 Results and Maintains Outlook for Full Year 2024 • GlobeNewswire Inc. • 07/17/2024 08:07:00 PM
- Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop • IH Market News • 07/17/2024 10:30:52 AM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM