Integrated Wealth Concepts LLC Raises Stock Holdings in American Tower Corporation $AMT

Integrated Wealth Concepts LLC lifted its holdings in American Tower Corporation (NYSE:AMT) by 8.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,512 shares of the real estate investment trust’s stock after purchasing an additional 6,336 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Tower were worth $12,679,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in American Tower by 113.0% during the fourth quarter. Brighton Jones LLC now owns 3,966 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 2,104 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of American Tower by 34.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,442 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 368 shares during the last quarter. United Bank raised its holdings in American Tower by 12.7% during the 2nd quarter. United Bank now owns 6,488 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 733 shares during the period. Treasurer of the State of North Carolina lifted its position in American Tower by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 218,511 shares of the real estate investment trust’s stock worth $48,295,000 after buying an additional 4,778 shares during the last quarter. Finally, Ieq Capital LLC increased its position in American Tower by 52.2% during the second quarter. Ieq Capital LLC now owns 34,248 shares of the real estate investment trust’s stock valued at $7,570,000 after acquiring an additional 11,751 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

American Tower Price Performance

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

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

Insider Activity

In other American Tower news, Director Rajesh Kalathur acquired 2,829 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares in the company, valued at $1,374,405. This represents a 57.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ruth Dowling sold 1,106 shares of the company’s stock in a transaction 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 owned 27,711 shares of the company’s stock, valued at approximately $4,848,316.56. This represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,791 shares of company stock worth $1,204,091. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMT shares. BMO Capital Markets lifted their price target on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Wolfe Research upgraded 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. Sanford C. Bernstein restated an “outperform” rating and set a $214.00 price objective on shares of American Tower in a report on Wednesday, July 29th. Jefferies Financial Group reduced their target price on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Tower currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.

American Tower Profile

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.