Savant Capital LLC Has $378,000 Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Savant Capital LLC reduced its position in Crown Castle Inc. (NYSE:CCI) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,280 shares of the real estate investment trust’s stock after selling 272 shares during the period. Savant Capital LLC’s holdings in Crown Castle were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in Crown Castle by 42.8% during 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 purchasing an additional 2,121,603 shares during the last quarter. Barclays PLC lifted its holdings in Crown Castle by 217.9% in the third quarter. Barclays PLC now owns 3,058,133 shares of the real estate investment trust’s stock valued at $281,439,000 after buying an additional 2,096,272 shares during the period. Wellington Management Group LLP boosted its stake in Crown Castle by 21.9% in the third quarter. Wellington Management Group LLP now owns 10,134,538 shares of the real estate investment trust’s stock valued at $932,682,000 after acquiring an additional 1,818,910 shares during the last quarter. FMR LLC grew its holdings in Crown Castle by 14.3% during 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 during the period. Finally, Morgan Stanley raised its position in shares of Crown Castle by 8.9% during the 3rd quarter. Morgan Stanley now owns 13,078,861 shares of the real estate investment trust’s stock valued at $1,203,648,000 after acquiring an additional 1,064,382 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CCI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Crown Castle from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets cut their price target on shares of Crown Castle from $110.00 to $105.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Scotiabank decreased their price objective on shares of Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Argus lowered shares of Crown Castle from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company decreased their price target on shares of Crown Castle from $115.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.29.

Crown Castle Price Performance

CCI stock opened at $97.39 on Monday. The stock has a market cap of $42.32 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The stock has a 50-day moving average price of $102.38 and a two-hundred day moving average price of $105.49. Crown Castle Inc. has a 1 year low of $84.72 and a 1 year high of $119.60. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.73.

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

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 6.43%. The ex-dividend date was Thursday, March 14th. Crown Castle’s dividend payout ratio is presently 195.63%.

Crown Castle Company 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.