Compass Wealth Management LLC Increases Holdings in Crown Castle Inc. (NYSE:CCI)

Compass Wealth Management LLC increased its holdings in Crown Castle Inc. (NYSE:CCI - Free Report) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,962 shares of the real estate investment trust's stock after acquiring an additional 6,897 shares during the period. Crown Castle comprises 1.5% of Compass Wealth Management LLC's investment portfolio, making the stock its 13th biggest holding. Compass Wealth Management LLC's holdings in Crown Castle were worth $6,041,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CCI. American Century Companies Inc. boosted its holdings in Crown Castle by 3.4% during the 4th quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock worth $13,139,000 after acquiring an additional 4,772 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of Crown Castle by 9.0% during the first quarter. CWA Asset Management Group LLC now owns 2,663 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 219 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Crown Castle by 4.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 204,237 shares of the real estate investment trust's stock worth $18,537,000 after purchasing an additional 8,800 shares during the last quarter. AlphaQuest LLC grew its position in Crown Castle by 98.3% in the 4th quarter. AlphaQuest LLC now owns 26,428 shares of the real estate investment trust's stock worth $2,399,000 after purchasing an additional 13,100 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in Crown Castle by 9.3% in the 4th quarter. Cooke & Bieler LP now owns 2,839,036 shares of the real estate investment trust's stock worth $257,671,000 after purchasing an additional 242,565 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. New Street Research upgraded Crown Castle from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research report on Tuesday, March 25th. Scotiabank upped their price objective on Crown Castle from $99.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target 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, Argus upgraded shares of Crown Castle to a "hold" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.71.

Crown Castle Price Performance

Shares of Crown Castle stock traded down $0.25 during trading hours on Friday, reaching $102.92. The company had a trading volume of 1,246,284 shares, compared to its average volume of 2,936,756. The firm has a market cap of $44.82 billion, a PE ratio of -9.57, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. Crown Castle Inc. has a one year low of $84.20 and a one year high of $120.92. The business has a fifty day simple moving average of $101.48 and a 200 day simple moving average of $96.92.

Crown Castle (NYSE:CCI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.72 by ($0.62). Crown Castle had a negative net margin of 78.12% and a negative return on equity of 164.40%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the firm earned $1.72 EPS. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts forecast that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, June 13th. Crown Castle's dividend payout ratio is -39.50%.

Insider Transactions at Crown Castle

In other Crown Castle news, EVP Edward B. Adams, Jr. sold 8,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $106.37, for a total value of $850,960.00. Following the completion of the transaction, the executive vice president owned 20,528 shares of the company's stock, valued at $2,183,563.36. The trade was a 28.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel K. Schlanger sold 20,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the sale, the chief executive officer owned 110,571 shares in the company, valued at approximately $11,762,542.98. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,600 shares of company stock valued at $3,362,752. 0.10% of the stock is owned by corporate insiders.

About Crown Castle

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.