Cwm LLC Buys 911 Shares of Crown Castle Inc. (NYSE:CCI)

Cwm LLC grew its stake in Crown Castle Inc. (NYSE:CCI) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,546 shares of the real estate investment trust’s stock after purchasing an additional 911 shares during the period. Cwm LLC’s holdings in Crown Castle were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CCI. The Manufacturers Life Insurance Company boosted its holdings in shares of Crown Castle by 42.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,083,665 shares of the real estate investment trust’s stock worth $651,910,000 after acquiring an additional 2,121,603 shares in the last quarter. Barclays PLC boosted its holdings in shares of Crown Castle by 217.9% in the 3rd quarter. Barclays PLC now owns 3,058,133 shares of the real estate investment trust’s stock worth $281,439,000 after acquiring an additional 2,096,272 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Crown Castle by 21.9% in the 3rd quarter. Wellington Management Group LLP now owns 10,134,538 shares of the real estate investment trust’s stock worth $932,682,000 after acquiring an additional 1,818,910 shares in the last quarter. FMR LLC boosted its holdings in shares of Crown Castle by 14.3% in the 3rd quarter. FMR LLC now owns 11,936,611 shares of the real estate investment trust’s stock worth $1,098,526,000 after acquiring an additional 1,496,330 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Crown Castle by 8.9% in the 3rd quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock worth $1,203,648,000 after acquiring an additional 1,064,382 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Performance

CCI stock opened at $93.57 on Friday. The business’s fifty day moving average is $103.65 and its 200-day moving average is $105.25. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 3.73. The company has a market cap of $40.66 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73. Crown Castle Inc. has a twelve month low of $84.72 and a twelve month high of $123.79.

Crown Castle (NYSE:CCI) last released its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). Crown Castle had a net margin of 20.32% and a return on equity of 21.30%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company earned $1.91 EPS. Crown Castle’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts forecast that Crown Castle Inc. will post 6.59 EPS for the current year.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Thursday, March 14th. Crown Castle’s dividend payout ratio is currently 195.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCI shares. Scotiabank reduced their target price on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada upped their price objective on Crown Castle from $92.00 to $109.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Bank of America reduced their price objective on Crown Castle from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Argus downgraded Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Barclays upped their price objective on Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.29.

Crown Castle Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.