Cetera Investment Advisers Has $10.54 Million Holdings in Crown Castle Inc. (NYSE:CCI)

Cetera Investment Advisers cut its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,083 shares of the real estate investment trust's stock after selling 11,048 shares during the quarter. Cetera Investment Advisers' holdings in Crown Castle were worth $10,536,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCI. American Century Companies Inc. boosted its position in shares of Crown Castle by 3.4% in the fourth quarter. American Century Companies Inc. now owns 144,766 shares of the real estate investment trust's stock worth $13,139,000 after buying an additional 4,772 shares during the period. Schroder Investment Management Group boosted its position in Crown Castle by 34.1% during the fourth quarter. Schroder Investment Management Group now owns 117,827 shares of the real estate investment trust's stock valued at $10,579,000 after purchasing an additional 29,973 shares during the last quarter. Summit Financial LLC boosted its position in Crown Castle by 14.2% during the fourth quarter. Summit Financial LLC now owns 5,889 shares of the real estate investment trust's stock valued at $534,000 after purchasing an additional 730 shares during the last quarter. Geode Capital Management LLC boosted its position in Crown Castle by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust's stock valued at $1,119,225,000 after purchasing an additional 228,007 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in Crown Castle by 23.5% during the fourth quarter. Meeder Advisory Services Inc. now owns 7,726 shares of the real estate investment trust's stock valued at $701,000 after purchasing an additional 1,472 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Robert Sean Collins sold 3,600 shares of Crown Castle stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total transaction of $384,192.00. Following the sale, the vice president owned 6,465 shares of the company's stock, valued at approximately $689,944.80. This trade represents a 35.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of Crown Castle stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.37, for a total value of $850,960.00. Following the sale, the executive vice president directly owned 20,528 shares in the company, valued at $2,183,563.36. The trade was a 28.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,600 shares of company stock worth $3,362,752. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCI shares. Wells Fargo & Company raised Crown Castle from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $105.00 to $125.00 in a research report on Thursday, July 24th. JMP Securities reissued a "market outperform" rating and set a $125.00 price objective on shares of Crown Castle in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on Crown Castle from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. UBS Group lifted their price objective on Crown Castle from $124.00 to $127.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on Crown Castle from $107.00 to $112.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Crown Castle presently has an average rating of "Moderate Buy" and an average price target of $116.18.

Crown Castle Stock Performance

Shares of Crown Castle stock traded down $2.00 during trading on Thursday, reaching $104.97. The company's stock had a trading volume of 4,962,337 shares, compared to its average volume of 2,887,699. The business's fifty day moving average price is $102.54 and its 200-day moving average price is $98.93. The firm has a market cap of $45.71 billion, a price-to-earnings ratio of -9.84, a price-to-earnings-growth ratio of 0.81 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.

Crown Castle (NYSE:CCI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share. Sell-side analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.0625 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.0%. Crown Castle's dividend payout ratio (DPR) is currently -39.83%.

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.