LGT Group Foundation Has $14.68 Million Stock Holdings in American Tower Corporation $AMT

LGT Group Foundation significantly increased its stake in American Tower Corporation by 27.8%, now holding 75,950 shares valued at $14.68 million. While institutional investors own a substantial 92.7% of the stock, American Tower recently missed EPS estimates and its dividend payout ratio is elevated. The company has also seen notable insider selling and received mixed analyst sentiment, with a consensus of “Moderate Buy.”