Argo Wealth Advisory LLC Invests $1.74 Million in American Tower Corporation $AMT

Key Points

• Argo Wealth Advisory LLC opened a new position in American Tower, buying 9,904 shares in Q4 valued at approximately $1.74 million, with institutional investors owning about 92.7% of the stock.
• Significant insider activity: Director Rajesh Kalathur bought 2,671 shares (~$495k) while COO Eugene M. Noel sold 41,209 shares for roughly $7.87 million, cutting his stake by 58.2%.
• American Tower missed quarterly EPS ($1.75 vs. $2.54 expected) but beat revenue, raised its quarterly dividend to $1.79 (4.0% yield), set FY2026 guidance of 10.78–10.95 EPS, and carries a consensus "Moderate Buy" with an average price target of $217.33.

Argo Wealth Advisory LLC purchased a new position in shares of American Tower Corporation (NYSE:AMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,904 shares of the real estate investment trust's stock, valued at approximately $1,739,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Abound Wealth Management increased its position in shares of American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust's stock worth $27,000 after buying an additional 81 shares during the period. Holos Integrated Wealth LLC acquired a new stake in American Tower in the fourth quarter worth $27,000. Triumph Capital Management bought a new position in shares of American Tower in the third quarter valued at $29,000. Steph & Co. lifted its stake in shares of American Tower by 87.2% in the fourth quarter. Steph & Co. now owns 176 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 82 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of American Tower in the third quarter valued at $32,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Rajesh Kalathur acquired 2,671 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $185.30 per share, with a total value of $494,936.30. Following the acquisition, the director directly owned 4,936 shares in the company, valued at $914,640.80. This represents a 117.92% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Eugene M. Noel sold 41,209 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the transaction, the chief operating officer directly owned 29,592 shares of the company's stock, valued at approximately $5,653,551.60. This trade represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMT shares. Raymond James Financial dropped their price target on shares of American Tower from $231.00 to $229.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 23rd. Royal Bank Of Canada reduced their target price on shares of American Tower from $220.00 to $195.00 and set a "sector perform" rating for the company in a research note on Monday, January 12th. Morgan Stanley reduced their target price on shares of American Tower from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Mizuho raised shares of American Tower from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $189.00 to $205.00 in a research note on Wednesday. Finally, TD Cowen dropped their target price on shares of American Tower from $235.00 to $225.00 in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, American Tower presently has an average rating of "Moderate Buy" and an average price target of $217.33.

American Tower News Summary

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: Mizuho upgraded AMT from Neutral to Outperform and raised its price target to $205, citing that CoreSite’s data‑center contribution and stronger 5G leasing demand make the company’s mix of tower and data‑center earnings undervalued — this upgrade is the primary catalyst for buying interest today. American Tower’s Valuation After Upgrade Highlighting CoreSite Growth And 5G Leasing Demand
• Positive Sentiment: Jefferies nudged its price target to $210 (maintaining a Buy), giving additional analyst support and signaling incremental upside versus current levels; that reinforces the positive narrative from Mizuho. Jefferies adjusts American Tower price target to 210
• Neutral Sentiment: American Tower recently declared a $1.79 quarterly cash distribution; the steady dividend supports the yield story but raises the usual investor question about balancing shareholder returns with capital needs for data‑center and tower growth. Investors will watch upcoming quarter results for signs of free cash flow to sustain both growth and payouts. Does American Tower’s (AMT) New Dividend Payout Clarify Its Long‑Term Capital Allocation Priorities?
• Negative Sentiment: Despite the upgrades, AMT has shown prolonged underperformance (multi‑month and multi‑quarter share declines) and earlier quarterly results included an EPS miss, which keeps some investors cautious about valuation and near‑term earnings execution. That backdrop limits how much the stock may rally on upgrades alone. Mizuho Upgrades American Tower to Outperform: Will This Cell Tower Giant Finally Reclaim Its Crown?

American Tower Stock Up 0.8%

NYSE:AMT opened at $178.35 on Friday. The firm's 50-day moving average price is $181.11 and its 200-day moving average price is $180.77. The company has a market capitalization of $83.13 billion, a PE ratio of 33.09, a P/E/G ratio of 0.74 and a beta of 0.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.60 and a quick ratio of 0.60. American Tower Corporation has a 1-year low of $165.08 and a 1-year high of $234.33.

American Tower (NYSE:AMT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.54 by ($0.79). American Tower had a net margin of 23.76% and a return on equity of 24.36%. The company had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the business earned $2.62 EPS. The business's revenue was up 7.5% compared to the same quarter last year. American Tower has set its FY 2026 guidance at 10.780-10.950 EPS. On average, equities analysts predict that American Tower Corporation will post 10.14 EPS for the current fiscal year.

American Tower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, April 14th. This is a positive change from American Tower's previous quarterly dividend of $1.70. American Tower's dividend payout ratio (DPR) is 132.84%.

About American Tower

American Tower NYSE: AMT is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company's core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.