Published: Thu, May 25, 2017
Business | By Max Garcia

Motco Increases Position in American Tower Corp (AMT)


The stock increased 0.43% or $0.55 on May 24, reaching $129.28. About 101,568 shares traded. 40,653 American Tower Corp (NYSE:AMT) shares with value of $5.13 million were sold by Meyer Robert Joseph JR. It has outperformed by 6.96% the S&P500. Front Barnett Associate Llc reported 0.58% stake. Taurus Asset Management Llc acquired 38,895 shares as Air Prods & Chems Inc (APD)'s stock rose 1.13%. 115,900 are held by Eulav Asset Mgmt. (AMT)'s stock rose 18.69%. About 558,781 shares traded. Air Products & Chemicals, Inc. MYR Group Inc (NASDAQ:MYRG) has risen 24.13% since May 23, 2016 and is uptrending. It has underperformed by 4.46% the S&P500. Spirit Of America Mngmt Ny reported 2,800 shares. Berkshire Hathaway Inc Del (BRKB) was reduced too. Its up 0.10, from 0.99 in 2016Q3. It is negative, as 62 investors sold APD shares while 245 reduced holdings. 123 funds opened positions while 723 raised stakes. On Wednesday, February 15 the insider Blackburn Jeffrey M sold $4.01 million. Dimensional Fund Limited Partnership holds 0.01% of its portfolio in Waters Corporation (NYSE:WAT) for 204,446 shares. Symphony Asset Llc invested in 0.14% or 13,032 shares. 36,186 were reported by Pinnacle Ptnrs Inc. American Century Companies Inc. now owns 3,986,977 shares of the real estate investment trust's stock worth $484,577,000 after buying an additional 1,507,172 shares in the last quarter.

Several analysts have issued reports on AMT shares. Fdx Advsrs holds 12,754 shares or 0.05% of its portfolio. This is a positive change from American Tower Corp's previous quarterly dividend of $0.58. (NYSE:APD). 18,229 were reported by Cypress Grp.

Tph Asset Management Llc holds 2.59% of its portfolio in Western Refining Logistics LP for 1.20 million shares. 1,118 were reported by Meristem Llp. However, technicians believes that a higher ratio would indicate the likelihood of a constant augmentation of the company's share price. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.62 per share. Scout Invests Inc has invested 0.01% of its portfolio in Apple Inc. The stock has "Overweight" rating by Morgan Stanley on Thursday, August 6. As per Tuesday, April 11, the company rating was upgraded by Guggenheim.

04/28/2017 - American Tower Corporation (REIT) had its "buy" rating reiterated by analysts at Deutsche Bank. The stock of Air Products & Chemicals, Inc. KeyBanc Capital Markets upgraded Air Products & Chemicals, Inc. The firm has "Outperform" rating given on Monday, November 9 by Macquarie Research. The company was maintained on Monday, May 2 by RBC Capital Markets.

Since December 5, 2016, it had 0 buys, and 14 insider sales for $54.75 million activity. Following the sale, the director now directly owns 37,758 shares of the company's stock, valued at $4,790,357.46. HESS WILLIAM H had sold 90,489 shares worth $10.95M. Moreover, Wilkins Counsel has 1.2% invested in American Tower Corp (NYSE:AMT). The stock exchanged hands 2.73 Million shares versus average trading capacity of 2.27 Million shares, yielding a market cap of $54.54 Billion. 20,507 shares were sold by Lara Gustavo, worth $2.38M on Wednesday, March 15. On Monday, December 12 the insider Sharma Amit sold $9.25 million.

On Friday, American Tower Corp (NYSE:AMT) stock opened its trade at $128.11 and after floating in a range of $127.59 to $132.86, settled at $128.32. Therefore 92% are positive. The stock of American Tower Corp (NYSE:AMT) has "Hold" rating given on Wednesday, August 12 by Zacks. Royal Bank of Canada upped their price objective on shares of American Tower Corp from $134.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, April 28th. The firm earned "Buy" rating on Wednesday, August 17 by Argus Research. The analysts, on average, are forecasting a $141.75 price target, but the stock is already up 29.09% from its recent lows. RBC Capital Markets has "Outperform" rating and $132 target. The stock of American Tower Corp (NYSE:AMT) earned "Buy" rating by Citigroup on Thursday, June 16. The stock of American Tower Corp (NYSE:AMT) has "Buy" rating given on Monday, July 11 by Citigroup. As per Thursday, August 27, the company rating was initiated by Cantor Fitzgerald. Capital Analysts LLC now owns 25,867 shares of the real estate investment trust's stock worth $2,734,000 after buying an additional 3,314 shares in the last quarter. AAPL's profit will be $8.18 billion for 24.36 P/E if the $1.57 EPS becomes a reality.

Oppenheimer Holdings also issued estimates for American Tower Corp's Q3 2017 earnings at $1.63 EPS, Q4 2017 earnings at $1.67 EPS, FY2017 earnings at $6.46 EPS and FY2018 earnings at $7.54 EPS. Its up 0.10, from 0.99 in 2016Q3. BLB&B Advisors LLC raised its stake in American Tower Corp by 27.5% in the first quarter. Janney Montgomery Scott Limited Liability Corp has 1,600 shares. Heritage Management holds 0.08% or 11,040 shares. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. Amica Pension Fund Board Of Trustees invested in 0.29% or 23,132 shares. This is an increase from American Tower Corp's previous quarterly dividend of $0.58. Glenmede Tru Na reported 310,484 shares. Capital Ca holds 179,500 shares or 1.33% of its portfolio. Second Curve Capital Llc, a New York-based fund reported 1.20 million shares. Coho Partners owns 2,419 shares for 0.01% of their portfolio.

Stuart J. Zimmer increased its stake in American Tower Corp New (AMT) by 85.71% based on its latest 2016Q4 regulatory filing with the SEC.

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