Quadcap Wealth Management LLC Lowers Stock Holdings in Crown Castle Inc. (NYSE:CCI)

Quadcap Wealth Management LLC trimmed its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 36.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,570 shares of the real estate investment trust's stock after selling 3,140 shares during the period. Quadcap Wealth Management LLC's holdings in Crown Castle were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCI. Norges Bank bought a new position in shares of Crown Castle during the fourth quarter valued at about $561,714,000. Vanguard Group Inc. raised its stake in shares of Crown Castle by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust's stock valued at $5,672,451,000 after acquiring an additional 5,934,615 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Crown Castle by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust's stock valued at $1,892,332,000 after acquiring an additional 3,321,249 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Crown Castle by 37.3% during the fourth quarter. National Bank of Canada FI now owns 5,793,842 shares of the real estate investment trust's stock valued at $525,849,000 after acquiring an additional 1,573,043 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Crown Castle during the fourth quarter valued at about $95,167,000. 90.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Robert Sean Collins sold 3,600 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $106.72, for a total transaction of $384,192.00. Following the completion of the sale, the vice president now owns 6,465 shares of the company's stock, valued at $689,944.80. The trade was a 35.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel K. Schlanger sold 20,000 shares of the business'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 now directly owns 110,571 shares of the company's stock, valued at approximately $11,762,542.98. The trade was a 15.32% 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 worth $3,362,752. 0.10% of the stock is owned by insiders.

Crown Castle Stock Up 0.6%

Shares of NYSE:CCI traded up $0.60 during trading on Monday, reaching $102.92. 1,579,902 shares of the stock traded hands, compared to its average volume of 2,874,151. The stock has a 50-day moving average of $101.78 and a two-hundred day moving average of $97.49. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market cap of $44.82 billion, a P/E ratio of 36.50 and a beta of 0.93.

Crown Castle (NYSE:CCI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.62). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the business 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, sell-side analysts expect that Crown Castle Inc. will post 6.67 earnings per share for the current fiscal year.

Crown Castle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.565 dividend. This represents a $6.26 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend was Friday, March 14th. Crown Castle's dividend payout ratio is currently -58.18%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCI. UBS Group raised shares of Crown Castle from a "neutral" rating to a "buy" rating and set a $118.00 price target for the company in a research note on Friday, March 14th. New Street Research raised shares of Crown Castle from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 1st. Argus raised shares of Crown Castle to a "hold" rating in a research note on Friday, March 21st. BMO Capital Markets reissued a "market perform" rating on shares of Crown Castle in a research note on Tuesday, March 25th. Finally, Citizens Jmp raised shares of Crown Castle to a "strong-buy" rating in a research note on Monday, January 27th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.71.

Crown Castle 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.