Rep. Bruce Westerman Buys Crown Castle Inc. (NYSE:CCI) Stock

18 Apr 2025, 20:06 by Amy Steele · The Cerbat Gem

Representative Bruce Westerman (R-Arkansas) recently bought shares of Crown Castle Inc. (NYSE:CCI). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Crown Castle stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Crown Castle Stock Up 2.2 %

Shares of NYSE:CCI traded up $2.26 during midday trading on Friday, reaching $103.51. The company had a trading volume of 1,860,139 shares, compared to its average volume of 2,897,139. The business’s 50 day moving average price is $97.48 and its 200 day moving average price is $98.91. Crown Castle Inc. has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $45.07 billion, a PE ratio of 36.71 and a beta of 0.93. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.26 annualized dividend and a yield of 6.05%. Crown Castle’s dividend payout ratio is presently -69.71%.

Institutional Investors Weigh In On Crown Castle

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Crown Castle by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 62,499,455 shares of the real estate investment trust’s stock valued at $5,672,451,000 after buying an additional 5,934,615 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Crown Castle by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 20,849,846 shares of the real estate investment trust’s stock valued at $1,892,332,000 after purchasing an additional 3,321,249 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Crown Castle by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,333,158 shares of the real estate investment trust’s stock worth $1,119,225,000 after purchasing an additional 228,007 shares in the last quarter. Norges Bank bought a new position in Crown Castle in the 4th quarter worth about $561,714,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Crown Castle by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,144,359 shares of the real estate investment trust’s stock valued at $557,662,000 after buying an additional 58,903 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upgraded Crown Castle from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $105.00 in a research note on Monday, March 17th. KeyCorp raised Crown Castle from a “sector weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Friday, March 14th. BMO Capital Markets reissued a “market perform” rating on shares of Crown Castle in a research report on Tuesday, March 25th. JMP Securities started coverage on shares of Crown Castle in a research note on Monday, January 27th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Barclays increased their target price on Crown Castle from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.88.

View Our Latest Stock Report on Crown Castle

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

About Crown Castle

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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.