Johnson Financial Group Inc. Has $386,000 Stock Position in American Tower Co. (NYSE:AMT)

Johnson Financial Group Inc. lifted its stake in American Tower Co. (NYSE:AMT) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,776 shares of the real estate investment trust’s stock after acquiring an additional 487 shares during the period. Johnson Financial Group Inc.’s holdings in American Tower were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMT. Thompson Investment Management Inc. bought a new stake in American Tower in the 4th quarter valued at $29,000. Private Wealth Management Group LLC bought a new stake in American Tower in the fourth quarter valued at about $31,000. Brown Shipley& Co Ltd bought a new position in American Tower during the third quarter worth about $35,000. Valley National Advisers Inc. boosted its holdings in American Tower by 200.0% during the fourth quarter. Valley National Advisers Inc. now owns 177 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 118 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in shares of American Tower by 157.9% in the 4th quarter. Oakworth Capital Inc. now owns 196 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Insider Buying and Selling

In other American Tower news, CFO Rodney M. Smith sold 11,510 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the transaction, the chief financial officer now directly owns 62,969 shares of the company’s stock, valued at $12,953,352.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other American Tower news, Director Pamela D. A. Reeve sold 5,054 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total value of $962,584.84. Following the transaction, the director now owns 18,545 shares of the company’s stock, valued at $3,532,080.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rodney M. Smith sold 11,510 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $205.71, for a total value of $2,367,722.10. Following the completion of the transaction, the chief financial officer now directly owns 62,969 shares in the company, valued at approximately $12,953,352.99. The disclosure for this sale can be found here. Insiders sold a total of 17,264 shares of company stock valued at $3,458,757 over the last ninety days. Insiders own 0.18% of the company’s stock.

American Tower Trading Down 0.4 %

AMT stock traded down $0.67 during trading on Friday, hitting $185.93. The company had a trading volume of 1,257,941 shares, compared to its average volume of 2,430,903. The stock has a market cap of $86.83 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 1.33 and a beta of 0.71. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 3.39. The firm has a 50-day moving average price of $185.29 and a 200-day moving average price of $196.16. American Tower Co. has a 12 month low of $154.58 and a 12 month high of $219.10.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.47). The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. American Tower had a return on equity of 18.45% and a net margin of 18.42%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 EPS. As a group, analysts predict that American Tower Co. will post 10 earnings per share for the current year.

American Tower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 14th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, June 14th. American Tower’s dividend payout ratio is 146.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley raised their target price on American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of American Tower from $236.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Mizuho began coverage on shares of American Tower in a research report on Monday, April 8th. They set a “neutral” rating and a $205.00 target price for the company. BMO Capital Markets reduced their price target on shares of American Tower from $228.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, StockNews.com lowered shares of American Tower from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, American Tower presently has an average rating of “Moderate Buy” and an average price target of $221.91.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.