PNC Financial Services Group Inc. Has $68.93 Million Stock Holdings in American Tower Corporation $AMT

Posted by Stanley Muller on May 22nd, 2026

PNC Financial Services Group Inc. boosted its stake in American Tower Corporation (NYSE:AMT – Free Report) by 39.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 392,595 shares of the real estate investment trust’s stock after purchasing an additional 110,635 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Tower were worth $68,928,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Personal CFO Solutions LLC grew its holdings in American Tower by 3.5% in the fourth quarter. Personal CFO Solutions LLC now owns 1,667 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 57 shares during the period. Pines Wealth Management LLC grew its holdings in American Tower by 4.1% in the third quarter. Pines Wealth Management LLC now owns 1,488 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 58 shares during the period. Conscious Wealth Investments LLC grew its holdings in shares of American Tower by 0.5% during the third quarter. Conscious Wealth Investments LLC now owns 11,852 shares of the real estate investment trust’s stock valued at $2,121,000 after buying an additional 60 shares during the last quarter. SPC Financial Inc. grew its holdings in shares of American Tower by 1.5% during the third quarter. SPC Financial Inc. now owns 4,093 shares of the real estate investment trust’s stock valued at $787,000 after buying an additional 61 shares during the last quarter. Finally, Cary Street Partners Financial LLC grew its holdings in shares of American Tower by 0.4% during the third quarter. Cary Street Partners Financial LLC now owns 15,152 shares of the real estate investment trust’s stock valued at $2,914,000 after buying an additional 62 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Rajesh Kalathur purchased 2,671 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $185.30 per share, with a total value of $494,936.30. Following the purchase, the director directly owned 4,936 shares in the company, valued at approximately $914,640.80. This represents a 117.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Eugene M. Noel sold 41,209 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $191.05, for a total transaction of $7,872,979.45. Following the completion of the sale, the chief operating officer owned 29,592 shares of the company’s stock, valued at approximately $5,653,551.60. The trade was a 58.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,181 shares of company stock valued at $8,046,071 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

American Tower Price Performance

AMT opened at $183.72 on Friday. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 0.77 and a beta of 0.90. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. The firm has a 50-day moving average price of $177.38 and a 200-day moving average price of $179.09. American Tower Corporation has a twelve month low of $165.08 and a twelve month high of $234.33.

American Tower (NYSE:AMT – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, beating the consensus estimate of $1.60 by $1.24. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.66 billion. American Tower had a net margin of 26.81% and a return on equity of 27.79%. American Tower’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.75 earnings per share. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Equities analysts expect that American Tower Corporation will post 10.67 EPS for the current year.

American Tower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Friday, June 12th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, June 12th. American Tower’s payout ratio is currently 115.67%.

Analysts Set New Price Targets

AMT has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho upgraded shares of American Tower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $189.00 to $205.00 in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of American Tower from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 price objective on shares of American Tower in a report on Wednesday, April 29th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $260.00 price objective on shares of American Tower in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Tower has a consensus rating of “Moderate Buy” and a consensus price target of $216.20.

Check Out Our Latest Analysis on AMT

American Tower Profile

(Free Report)

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.