Crown Castle Inc. (NYSE:CCI) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. decreased its position in shares of Crown Castle Inc. (NYSE:CCI) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,928 shares of the real estate investment trust’s stock after selling 21,743 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Crown Castle were worth $18,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Twin Tree Management LP purchased a new position in Crown Castle during the fourth quarter worth approximately $25,000. Roxbury Financial LLC purchased a new stake in Crown Castle in the fourth quarter valued at $37,000. Marshall Investment Management LLC purchased a new position in shares of Crown Castle during the 4th quarter worth approximately $50,000. Bank of Jackson Hole Trust purchased a new position in shares of Crown Castle in the fourth quarter valued at approximately $53,000. Finally, South Plains Financial Inc. purchased a new stake in Crown Castle in the fourth quarter valued at approximately $59,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Royal Bank of Canada increased their price objective on Crown Castle from $107.00 to $112.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $105.00 in a report on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of Crown Castle from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Crown Castle in a research report on Tuesday, March 25th. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Crown Castle currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.71.

Insider Buying and Selling

In other Crown Castle news, VP Robert Sean Collins sold 3,600 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the transaction, the vice president now owns 6,465 shares of the company’s stock, valued at approximately $689,944.80. This represents a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel K. Schlanger sold 20,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.38, for a total value of $2,127,600.00. Following the completion of the sale, the chief executive officer now directly owns 110,571 shares of the company’s stock, valued at approximately $11,762,542.98. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,600 shares of company stock worth $3,362,752 in the last three months. Insiders own 0.10% of the company’s stock.

Crown Castle Stock Performance

Shares of NYSE CCI opened at $102.92 on Tuesday. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The business’s 50-day simple moving average is $101.94 and its 200-day simple moving average is $97.46. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $44.82 billion, a price-to-earnings ratio of 36.50 and a beta of 0.93.

Crown Castle (NYSE:CCI) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a net margin of 18.59% and a return on equity of 20.98%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $1.72 earnings per share. Crown Castle’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle’s dividend payout ratio (DPR) is currently -58.18%.

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.