American Tower Corp. (AMT) reached record high trades this morning of $187.80, shrugging off analyst Jim Cramer’s March 4 bearish outlook on the stock when it was $178.57.
On March 11, ATC rewarded investors by hiking its dividend to 90 cents.
Eight executives had planned stock sales on March 10 at a price of $181.61 per share, with the largest sale being made by ATC Chairman and CEO James Taiclet, Jr., selling 50,780 shares for $9,222,156.
In 2002, ATC’s stock was trading at $1.10.
ATC added 24,000 sites to its portfolio last year — boosting its total to more than 170,000.
The company’s U.S. operations generated $976 million in revenue during the last quarter, up 7% from the year-ago period, driven by an 8% increase in organic tenant billings.
|James Taiclet, Jr.||Chairman, Pres. And CEO||50,780||$9,222,156||$50,782,151|
|Thomas Bartlett||EVP & CFO||23,650||$4,295,077||$26,758,781|
|William H Hess||EVP, Chairman Latin America||23,544||$4,275,826||$16,984,167|
|Edmund DiSanto||EVP, Chief Admin Officer||22,200||$4,031,742||$32,423,741|
|Amit Sharma||EVP, Asia||18,107||$3,288,412||$34,696,227|
|Steven Vondran||EVP & Pres. U.S. Tower||2,035||$369,576||$5,628,639|
|Olivier Puech||EVP & Pres. Latin America||1,216||$220,838||$4,460,160|
|Robert Joseph Meyer, Jr.||SVP, Finance & Controller||904||$164,175||$5,456,836|
|*SEC filing based upon $181.61 per share|