CROWN CASTLE IN/SH SH (CCI) Holdings Boosted by Linscomb & Williams Inc.

Linscomb & Williams Inc. grew its position in shares of CROWN CASTLE IN/SH SH (NYSE:CCI) by 10.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 40,586 shares of the real estate investment trust’s stock after buying an additional 3,739 shares during the quarter. Linscomb & Williams Inc.’s holdings in CROWN CASTLE IN/SH SH were worth $5,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CCI. Vanguard Group Inc raised its holdings in shares of CROWN CASTLE IN/SH SH by 7.6% in the 3rd quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after purchasing an additional 3,771,236 shares during the period. Strs Ohio grew its position in shares of CROWN CASTLE IN/SH SH by 0.8% during the 4th quarter. Strs Ohio now owns 227,726 shares of the real estate investment trust’s stock valued at $24,737,000 after purchasing an additional 1,715 shares in the last quarter. CWM LLC grew its position in shares of CROWN CASTLE IN/SH SH by 40.6% during the 4th quarter. CWM LLC now owns 1,012 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 292 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CROWN CASTLE IN/SH SH by 3.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,888 shares of the real estate investment trust’s stock valued at $13,349,000 after purchasing an additional 4,248 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its position in shares of CROWN CASTLE IN/SH SH by 1.3% during the 4th quarter. Congress Asset Management Co. MA now owns 412,650 shares of the real estate investment trust’s stock valued at $44,826,000 after purchasing an additional 5,323 shares in the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.

CCI has been the subject of a number of recent analyst reports. Deutsche Bank lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on shares of CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Macquarie lowered shares of CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Guggenheim lowered shares of CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Finally, Bank of America upped their target price on shares of CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CROWN CASTLE IN/SH SH currently has an average rating of “Hold” and an average price target of $123.25.

Shares of NYSE CCI opened at $127.83 on Friday. CROWN CASTLE IN/SH SH has a 1 year low of $99.99 and a 1 year high of $130.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $53.14 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.44 and a beta of 0.40.

CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. CROWN CASTLE IN/SH SH’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, June 13th. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.

In related news, SVP Michael Joseph Kavanagh sold 2,500 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the transaction, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Landis Martin purchased 18,350 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Wednesday, April 24th. The shares were bought at an average price of $123.13 per share, for a total transaction of $2,259,435.50. Following the transaction, the director now directly owns 120,717 shares of the company’s stock, valued at $14,863,884.21. The disclosure for this purchase can be found here. 0.41% of the stock is owned by insiders.

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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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Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CROWN CASTLE IN/SH SH (NYSE:CCI).

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

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