U.S. Capital Wealth Advisors LLC Lowers Stock Position in Crown Castle Inc. (NYSE:CCI)

U.S. Capital Wealth Advisors LLC decreased its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,156 shares of the real estate investment trust's stock after selling 7,845 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Crown Castle were worth $1,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCI. Assetmark Inc. increased its stake in shares of Crown Castle by 5.8% in the fourth quarter. Assetmark Inc. now owns 20,215 shares of the real estate investment trust's stock worth $1,835,000 after purchasing an additional 1,102 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Crown Castle by 5.5% in the 4th quarter. Proficio Capital Partners LLC now owns 8,237 shares of the real estate investment trust's stock worth $748,000 after acquiring an additional 426 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Crown Castle by 570.2% in the 4th quarter. Larson Financial Group LLC now owns 1,843 shares of the real estate investment trust's stock worth $167,000 after acquiring an additional 1,568 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Crown Castle in the 4th quarter worth about $396,000. Finally, GC Wealth Management RIA LLC lifted its holdings in Crown Castle by 58.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 11,027 shares of the real estate investment trust's stock valued at $1,001,000 after buying an additional 4,063 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of Crown Castle from $108.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company raised shares of Crown Castle from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $85.00 to $105.00 in a research report on Monday, March 17th. UBS Group boosted their target price on shares of Crown Castle from $118.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday. BMO Capital Markets restated a "market perform" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Finally, Royal Bank Of Canada boosted their target price on shares of Crown Castle from $107.00 to $112.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $113.06.

Insider Transactions at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $11,762,542.98. This represents a 15.32% decrease in their ownership of the stock. 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 the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.37, for a total transaction 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. This represents a 28.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,600 shares of company stock valued at $3,362,752. 0.10% of the stock is currently owned by corporate insiders.

Crown Castle Stock Up 0.6%

Shares of Crown Castle stock traded up $0.58 during trading hours on Thursday, reaching $103.99. 533,672 shares of the company's stock were exchanged, compared to its average volume of 3,220,702. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92. The business has a fifty day moving average of $101.43 and a two-hundred day moving average of $97.12. The company has a market capitalization of $45.28 billion, a P/E ratio of -9.66, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) 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 firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the company posted $1.72 EPS. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Cuts Dividend

The business also recently announced 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 yield of 4.09%. Crown Castle's payout ratio is currently -39.50%.

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.