American Tower Corporation is a wireless communications and
broadcast infrastructure company with three operating segments.
American Tower Corp. has a market cap of $26.16 billion; its
shares were traded at around $66.5 with a P/E ratio of 50.2 and
P/S ratio of 10.7. The dividend yield of American Tower Corp.
stocks is 1.3%. Amer Tower Corp. had an annual average earnings
growth of 9.9% over the past 10 years.
James D. Taiclet Jr., Chairman, President and CEO of American
Tower Corp. (
), sold 60,000 shares at an average price of $65.87 on June 7,
2012. The total transaction amount is $3,952,200.
Taiclet joined American Tower as president and chief operating
officer in September 2001. In October 2003, he became the CEO,
and he was also elected to the company's board of directors in
November of the same year. He was named their chairman in
February 2004. Before coming to American Tower, Mr. Taiclet was
the president of Honeywell Aerospace Services, the vice president
of Engine Services at Pratt & Whitney, a consultant at
McKinsey & Company, and a U.S. Air Force officer and pilot.
James D. Taiclet Jr. has also sold 60,000 shares of AMT stock at
the average price of $66.69 on May 7, 2012. Other directors and
officers, Robert Joseph Meyer Jr., David E. Sharbutt and Edmund
Disanto have also sold shares. Senior Vice President, Finance and
Corp. Controller Robert Joseph Meyer Jr. sold 7,694 shares of AMT
stock at the average price of $62.95 on March 14, 2012. On March
12, Director David E. Sharbutt sold 25,965 shares of AMT stock at
the average price of $62.07. Executive Vice President, Chief
Administrative Officer, General Counsel and Secretary Edmund
Disanto sold 21,875 shares of AMT stock on Dec. 29, 2011 at the
average price of $60.52.
bought 420,248 shares in the quarter that ended on March 31,
2012. Gurufocus gurus
have increased their positions. Ray Dalio owns 26,464 shares as
of March 31, 2012, an increase of 33.23% from the previous
quarter. As of March 31, 2012, Chuck Akre owns 1,687,609 shares,
an increase of 21.67% from the previous quarter. An increase of
12.42% from the previous quarter, Richard Perry owns 3,240,886
shares as of March 31, 2012. Andreas Halvorsen and Ron Baron
decreased their position. Andreas Halvorsen owns 1,437,061 shares
as of March 31, 2012, a decrease of 56.08% of from the previous
quarter. Ron Baron owns 5,596 shares, a decrease of 99.26% of
from the previous quarter, as of March 31, 2012.
On May 3, 2012, American Tower Corp. announced their 2012 first
quarter financial results. The company reported that revenue of
696.5 million, compared to the $562.7 million in the first
quarter of 2011. Net income was announced as $210.4 million,
compared to the 2011 first quarter net income of $92.0
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