Rep. Julie Johnson Sells American Tower Co. (NYSE:AMT) Shares

Representative Julie Johnson (D-Texas) recently sold shares of American Tower Co. (NYSE:AMT). In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Tower stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

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

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

American Tower Stock Up 0.6 %

Shares of AMT traded up $1.21 during midday trading on Friday, hitting $191.20. 533,031 shares of the company’s stock traded hands, compared to its average volume of 2,062,240. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $89.34 billion, a price-to-earnings ratio of 80.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. American Tower Co. has a 1 year low of $170.46 and a 1 year high of $243.56. The firm’s fifty day moving average is $187.05 and its 200-day moving average is $209.07.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, December 27th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, December 27th. American Tower’s dividend payout ratio is currently 273.42%.

Insider Buying and Selling at American Tower

In other news, CFO Rodney M. Smith sold 16,567 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the transaction, the chief financial officer now directly owns 62,792 shares in the company, valued at $11,371,631.20. The trade was a 20.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On American Tower

A number of institutional investors have recently modified their holdings of AMT. Burling Wealth Partners LLC purchased a new position in American Tower during the 4th quarter worth $4,750,000. J. Stern & Co. LLP grew its holdings in shares of American Tower by 5.3% during the fourth quarter. J. Stern & Co. LLP now owns 122,576 shares of the real estate investment trust’s stock worth $22,482,000 after buying an additional 6,118 shares during the last quarter. Evercore Wealth Management LLC increased its position in American Tower by 1.0% in the 4th quarter. Evercore Wealth Management LLC now owns 453,370 shares of the real estate investment trust’s stock valued at $83,153,000 after acquiring an additional 4,600 shares during the period. Sirios Capital Management L P raised its stake in American Tower by 32.0% during the 4th quarter. Sirios Capital Management L P now owns 9,617 shares of the real estate investment trust’s stock valued at $1,764,000 after acquiring an additional 2,333 shares during the last quarter. Finally, Coppell Advisory Solutions LLC lifted its position in American Tower by 58.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 324 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 119 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMT. The Goldman Sachs Group dropped their price target on American Tower from $260.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Scotiabank cut their price objective on American Tower from $236.00 to $220.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of American Tower from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Citizens Jmp raised shares of American Tower to a “strong-buy” rating in a report on Monday, January 27th. Finally, StockNews.com cut shares of American Tower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $225.79.

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.

About American Tower

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.