Rep. Julie Johnson Sells Off Shares of Crown Castle Inc. (NYSE:CCI)

Representative Julie Johnson (D-Texas) recently sold shares of Crown Castle Inc. (NYSE:CCI). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Crown Castle stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Crown Castle Trading Up 1.5%

CCI traded up $1.53 during trading on Friday, reaching $102.30. The company had a trading volume of 2,966,793 shares, compared to its average volume of 2,879,350. The stock has a market cap of $44.55 billion, a P/E ratio of 36.28 and a beta of 0.93. The business has a 50 day simple moving average of $101.78 and a 200-day simple moving average of $97.56. Crown Castle Inc. has a 52 week low of $84.20 and a 52 week high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43.

Crown Castle (NYSE:CCI) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.62). Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current fiscal year.

Crown Castle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.565 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.12%. Crown Castle’s dividend payout ratio is presently -58.18%.

Hedge Funds Weigh In On Crown Castle

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCI. Twin Tree Management LP purchased a new position in Crown Castle in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new position in Crown Castle in the first quarter valued at about $26,000. Iron Horse Wealth Management LLC purchased a new position in Crown Castle in the first quarter valued at about $26,000. Centerpoint Advisors LLC purchased a new position in Crown Castle in the first quarter valued at about $26,000. Finally, Stone House Investment Management LLC purchased a new position in Crown Castle in the first quarter valued at about $27,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CCI. Citigroup lifted their target price on Crown Castle from $108.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. New Street Research upgraded Crown Castle from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 1st. Royal Bank of Canada lifted their target price on Crown Castle from $107.00 to $112.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Bank of America began coverage on Crown Castle in a research report on Thursday, March 20th. They set a “neutral” rating and a $110.00 target price for the company. Finally, Barclays lifted their target price on Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.41.

Insider Buying and Selling at Crown Castle

In other news, CEO Daniel K. Schlanger sold 20,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the sale, the chief executive officer now owns 110,571 shares in the company, valued at approximately $11,762,542.98. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Sean Collins sold 3,600 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the sale, the vice president now owns 6,465 shares in the company, valued at $689,944.80. The trade was a 35.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock worth $3,362,752 over the last quarter. Insiders own 0.10% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

Crown Castle Company 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.