Crossmark Global Holdings Inc. Sells 4,476 Shares of Crown Castle Inc. (NYSE:CCI)

Crossmark Global Holdings Inc. lowered its stake in Crown Castle Inc. (NYSE:CCI) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,202 shares of the real estate investment trust’s stock after selling 4,476 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Crown Castle were worth $6,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CCI. Mitchell & Pahl Private Wealth LLC boosted its position in Crown Castle by 15.9% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 13,324 shares of the real estate investment trust’s stock valued at $1,209,000 after buying an additional 1,827 shares in the last quarter. Ellsworth Advisors LLC lifted its stake in shares of Crown Castle by 5.2% in the 4th quarter. Ellsworth Advisors LLC now owns 6,165 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 302 shares during the last quarter. Cascade Investment Group Inc. boosted its holdings in shares of Crown Castle by 18.3% during the 4th quarter. Cascade Investment Group Inc. now owns 7,202 shares of the real estate investment trust’s stock valued at $654,000 after acquiring an additional 1,115 shares in the last quarter. Grove Bank & Trust grew its position in Crown Castle by 8.4% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 147 shares during the last quarter. Finally, Trust Co. of Vermont increased its holdings in Crown Castle by 26.2% in the 4th quarter. Trust Co. of Vermont now owns 1,555 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 323 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle Price Performance

Shares of CCI opened at $90.62 on Wednesday. The firm has a market cap of $39.38 billion, a PE ratio of 32.14 and a beta of 0.87. Crown Castle Inc. has a 52-week low of $84.20 and a 52-week high of $120.92. The business’s 50 day moving average price is $96.40 and its two-hundred day moving average price is $105.63. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54.

Crown Castle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $1.565 per share. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.91%. Crown Castle’s payout ratio is presently 221.99%.

Analyst Upgrades and Downgrades

CCI has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Citigroup set a $128.00 target price on shares of Crown Castle in a report on Thursday, October 17th. Wells Fargo & Company downgraded shares of Crown Castle from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $105.00 to $100.00 in a research note on Tuesday, December 10th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $117.00 to $104.00 in a research note on Monday, January 13th. Finally, UBS Group increased their price objective on Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.00.

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.