Cigna Investments Inc. New lowered its position in shares of Crown Castle International Corporation (NYSE:CCI) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 14,013 shares of the real estate investment trust’s stock after selling 803 shares during the period. Cigna Investments Inc. New’s holdings in Crown Castle International Corporation were worth $1,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Financial Group Inc. bought a new position in shares of Crown Castle International Corporation during the second quarter worth approximately $220,000. Pioneer Investment Management Inc. bought a new position in shares of Crown Castle International Corporation during the second quarter worth approximately $66,229,000. Advisor Partners LLC increased its position in shares of Crown Castle International Corporation by 10.5% in the second quarter. Advisor Partners LLC now owns 4,999 shares of the real estate investment trust’s stock worth $501,000 after buying an additional 474 shares during the last quarter. American Assets Capital Advisers increased its position in shares of Crown Castle International Corporation by 61.8% in the second quarter. American Assets Capital Advisers now owns 128,421 shares of the real estate investment trust’s stock worth $12,846,000 after buying an additional 49,068 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of Crown Castle International Corporation by 24.7% in the second quarter. First Bank & Trust now owns 18,075 shares of the real estate investment trust’s stock worth $1,811,000 after buying an additional 3,584 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Crown Castle International Corporation (CCI) opened at 100.77 on Thursday. The company’s 50-day moving average price is $99.80 and its 200-day moving average price is $95.74. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $104.68. The company has a market capitalization of $36.89 billion, a PE ratio of 80.42 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Crown Castle International Corporation’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.77%. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/crown-castle-international-corporation-cci-shares-sold-by-cigna-investments-inc-new/1469348.html.

A number of brokerages recently commented on CCI. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Citigroup Inc. reduced their price objective on shares of Crown Castle International Corporation from $100.00 to $96.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Macquarie restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 price objective on shares of Crown Castle International Corporation in a research note on Monday, July 10th. Finally, BidaskClub cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $104.95.

In other news, Director J Landis Martin purchased 30,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the purchase, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Mckenzie sold 1,500 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total value of $144,720.00. Following the transaction, the director now owns 28,953 shares of the company’s stock, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

About Crown Castle International Corporation

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Want to see what other hedge funds are holding CCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Castle International Corporation (NYSE:CCI).

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

Receive News & Ratings for Crown Castle International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.