Allworth Financial LP Has $7.66 Million Stock Holdings in American Tower Corporation $AMT

Key Points

• Allworth Financial reduced its American Tower stake by 27% in the second quarter, selling 17,323 shares and retaining 46,849 shares valued at approximately $7.66 million. Institutional investors collectively own 92.69% of the company.
• American Tower reported quarterly revenue of $2.75 billion and EPS of $2.71, exceeding analyst estimates, while revenue increased 4.6% year over year. The company issued fiscal 2026 EPS guidance of $11.00–$11.17.
• Analysts remain broadly positive, giving the stock a consensus “Moderate Buy” rating and an average price target of $215.29, compared with a recent opening price of $175.57.

Allworth Financial LP trimmed its position in American Tower Corporation (NYSE:AMT - Free Report) by 27.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,849 shares of the real estate investment trust's stock after selling 17,323 shares during the period. Allworth Financial LP's holdings in American Tower were worth $7,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of American Tower by 17,056.3% during the second quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust's stock worth $19,139,801,000 after purchasing an additional 116,330,867 shares during the period. BlackRock Inc. acquired a new position in shares of American Tower during the second quarter valued at about $7,490,943,000. J. Stern & Co. LLP increased its position in shares of American Tower by 28,121.1% during the fourth quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust's stock worth $6,616,703,000 after acquiring an additional 37,553,436 shares in the last quarter. State Street Corp increased its position in shares of American Tower by 0.3% during the fourth quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust's stock worth $3,719,634,000 after acquiring an additional 71,605 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of American Tower by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust's stock worth $2,361,675,000 after acquiring an additional 227,361 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

American Tower Price Performance

American Tower stock opened at $175.57 on Thursday. American Tower Corporation has a 52 week low of $160.06 and a 52 week high of $199.13. The company's 50 day moving average price is $171.52 and its two-hundred day moving average price is $177.26. The stock has a market cap of $81.81 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.12.

American Tower (NYSE:AMT - Get Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $1.14. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.American Tower's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities analysts predict that American Tower Corporation will post 10.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank reaffirmed an "outperform" rating on shares of American Tower in a research report on Wednesday, July 29th. BMO Capital Markets increased their price objective on American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Wolfe Research upgraded American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group set a $210.00 target price on American Tower in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada upgraded American Tower from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $195.00 to $205.00 in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.29.

Insiders Place Their Bets

In related news, Director Rajesh Kalathur purchased 2,829 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $177.00 per share, with a total value of $500,733.00. Following the acquisition, the director owned 7,765 shares of the company's stock, valued at $1,374,405. This trade represents a 57.31% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the sale, the chief financial officer owned 21,428 shares in the company, valued at approximately $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,791 shares of company stock valued at $1,204,091. Company insiders own 0.08% of the company's stock.

About American Tower

American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.

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