Mather Group LLC. Has $1.30 Million Stock Holdings in American Tower Co. (NYSE:AMT)

Mather Group LLC. lessened its stake in shares of American Tower Co. (NYSE:AMT) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,026 shares of the real estate investment trust’s stock after selling 357 shares during the quarter. Mather Group LLC.’s holdings in American Tower were worth $1,301,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMT. Thompson Investment Management Inc. bought a new stake in American Tower during the 4th quarter valued at $29,000. McClarren Financial Advisors Inc. bought a new stake in shares of American Tower during the third quarter worth about $27,000. Emerald Advisers LLC acquired a new stake in shares of American Tower in the 3rd quarter worth about $29,000. Valley National Advisers Inc. boosted its stake in American Tower by 200.0% during the 4th 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 during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in American Tower by 157.9% during 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 last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Stock Performance

Shares of AMT stock opened at $171.56 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $80.01 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 1.38 and a beta of 0.67. The firm’s 50-day simple moving average is $189.71 and its two-hundred day simple moving average is $194.53. American Tower Co. has a 52 week low of $154.58 and a 52 week high of $219.10.

American Tower (NYSE:AMT) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.16). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.74 billion. American Tower had a net margin of 13.31% and a return on equity of 12.80%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, equities analysts forecast that American Tower Co. will post 9.94 earnings per share for the current year.

American Tower Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $1.62 per share. The ex-dividend date was Thursday, April 11th. This represents a $6.48 dividend on an annualized basis and a yield of 3.78%. American Tower’s dividend payout ratio (DPR) is 203.77%.

Wall Street Analyst Weigh In

AMT has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on American Tower from $235.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. StockNews.com cut American Tower from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Morgan Stanley lifted their price objective on shares of American Tower from $183.00 to $196.00 and gave the stock an “equal weight” rating in a 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 for the company in a report on Wednesday, February 28th. Finally, Mizuho initiated coverage on shares of American Tower in a report on Monday, April 8th. They set a “neutral” rating and a $205.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, American Tower has an average rating of “Moderate Buy” and a consensus price target of $217.36.

Insiders Place Their Bets

In other news, Director Pamela D. A. Reeve sold 5,054 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $190.46, for a total transaction of $962,584.84. Following the sale, the director now directly owns 18,545 shares in the company, valued at $3,532,080.70. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Rodney M. Smith sold 11,510 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $205.71, for a total transaction 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 $12,953,352.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Pamela D. A. Reeve sold 5,054 shares of the company’s 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 completion of the transaction, the director now owns 18,545 shares in the company, valued at $3,532,080.70. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

American Tower Company 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.