American Tower Corp (NYSE: AMT) is 11.59% higher on its value in year-to-date trading and has touched a low of $170.46 and a high of $243.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMT stock was last observed hovering at around $213.39 in the last trading session, with the day’s loss setting it -8.73%.
Currently trading at $204.66, the stock is -4.38% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.45 million and changing -4.09% at the moment leaves the stock -1.82% off its SMA200. AMT registered 7.62% gain for a year compared to 6-month loss of -8.50%. The firm has a 50-day simple moving average (SMA 50) of $202.903 and a 200-day simple moving average (SMA200) of $208.4621.
The stock witnessed a -3.95% gain in the last 1 month and extending the period to 3 months gives it a 13.54%, and is -6.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.07% over the week and 2.77% over the month.
American Tower Corp (AMT) has around 4691 employees, a market worth around $95.81B and $10.80B in sales. Current P/E ratio is 42.50 and Fwd P/E is 28.53. Profit margin for the company is 20.87%. Distance from 52-week low is 20.06% and -15.97% from its 52-week high. The company has generated returns on investments over the last 12 months (5.24%).
with sales reaching $2.54B over the same period.The EPS is expected to grow by 33.48% this year, but quarterly earnings will post 1.26% year-over-year. Quarterly sales are estimated to shrink -10.32% in year-over-year returns.
American Tower Corp (AMT) Top Institutional Holders
2380.0 institutions hold shares in American Tower Corp (AMT), with institutional investors hold 94.73% of the company’s shares. The shares outstanding are 467.38M, and float is at 466.82M with Short Float at 1.51%. Institutions hold 94.58% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 62.54 million shares valued at $12.16 billion. The investor’s holdings represent 13.406% of the AMT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.11 million shares valued at $7.41 billion to account for 8.161 of the shares outstanding. The other top investors are STATE STREET CORP which holds 20.54 million shares representing 4.3974% and valued at over $4.02 billion, while COHEN & STEERS, INC. holds 3.7979 of the shares totaling 17.74 million with a market value of $3.45 billion.
American Tower Corp (AMT) Insider Activity
The most recent transaction is an insider sale by Goel Sanjay, the company’s EVP & President, Asia-Pacific. SEC filings show that Goel Sanjay sold 4,000 shares of the company’s common stock on Mar 17 ’25 at a price of $215.92 per share for a total of $0.86 million. Following the sale, the insider now owns 25408.0 shares.
Still, SEC filings show that on Feb 27 ’25, Meyer Robert Joseph JR (SVP & Chief Accounting Officer) disposed off 2,939 shares at an average price of $202.18 for $0.59 million. The insider now directly holds 26,210 shares of American Tower Corp (AMT).
