American Tower Corporation $AMT Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in shares of American Tower Corporation (NYSE:AMT) by 8.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 77,512 shares of the real estate investment trust’s stock after buying an additional 6,336 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Tower were worth $12,679,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in American Tower by 17,056.3% during the 2nd quarter. California State Teachers Retirement System now owns 117,012,907 shares of the real estate investment trust’s stock worth $19,139,801,000 after purchasing an additional 116,330,867 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of American Tower during the second quarter valued at $7,490,943,000. J. Stern & Co. LLP increased its position in shares of American Tower by 28,121.1% in the 4th quarter. J. Stern & Co. LLP now owns 37,686,978 shares of the real estate investment trust’s stock valued at $6,616,703,000 after acquiring an additional 37,553,436 shares during the period. State Street Corp raised its stake in American Tower by 0.3% in the 4th quarter. State Street Corp now owns 20,987,534 shares of the real estate investment trust’s stock worth $3,719,634,000 after acquiring an additional 71,605 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in American Tower by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 13,499,035 shares of the real estate investment trust’s stock worth $2,361,675,000 after acquiring an additional 227,361 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

American Tower Stock Performance

NYSE:AMT opened at $175.57 on Thursday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $81.81 billion, a PE ratio of 24.15, a P/E/G ratio of 2.82 and a beta of 0.89. American Tower Corporation has a fifty-two week low of $160.06 and a fifty-two week high of $199.13. The company has a fifty day moving average of $171.52 and a two-hundred day moving average of $177.26.

American Tower (NYSE:AMT) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.60 earnings per share. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, research analysts forecast that American Tower Corporation will post 10.8 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Ruth Dowling sold 1,106 shares of American Tower stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $174.96, for a total value of $193,505.76. Following the sale, the executive vice president directly owned 27,711 shares of the company’s stock, valued at $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares of the company’s stock, valued at approximately $3,833,254.92. This represents a 18.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,791 shares of company stock worth $1,204,091 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMT shares. Scotiabank reiterated an “outperform” rating on shares of American Tower in a report on Wednesday, July 29th. Mizuho set a $208.00 target price on shares of American Tower in a report on Thursday, August 20th. Wolfe Research raised shares of American Tower from a “peer perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $195.00 to $205.00 in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $210.00 target price on American Tower in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.29.

About American Tower

American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.

In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.