Bank of America 13F: Adds $93M to American Tower (AMT) Stake
Bank of America has boosted its position in American Tower Corporation by 14.37%, now holding over 4.5 million shares.
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Bank of America added 566,899 shares to its stake in American Tower Corporation ($AMT), a 14.37% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 4,511,662 shares worth $743.43 million at the end of the quarter.
Since the filing, $AMT is up 4.3% after 1 week, up 3.1% after 1 month and up 6.6% to date (from the $173.73 close on May 18, 2026).
AMT
American Tower Corporation
Key Points
- Bank of America increased its stake in American Tower Corporation by 566,899 shares, a 14.37% rise, bringing its total to approximately 4.5 million shares valued at about $743.4 million as of May 18, 2026.
- Bank of America held 4,511,662 $AMT shares at quarter end, up 14.37% from the prior quarter.
- American Tower's stock was trading at $164.78 on the Saturday this news was published, down from its previous close of $173.98, indicating a potential buying opportunity for investors.
- Analysts maintain a positive outlook on American Tower, with a consensus recommendation of 'buy' and a mean price target of $215.70.
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Bank of America Boosts Position in American Tower
Bank of America has increased its stake in American Tower Corporation (AMT) by 566,899 shares, a 14.37% rise, bringing its total holdings to 4,511,662 shares. The value of this stake is approximately $743.4 million, based on a cost basis of $167.72 per share. This move reflects the bank's confidence in the company as of May 18, 2026, as reported in its latest Form 13F filing with the SEC.
What Changed in Bank of America's Position
Bank of America has boosted its position in American Tower from 3,944,763 shares to 4,511,662 shares. This increase of 566,899 shares indicates strong confidence in the company's future prospects.
Institutional Activity Around American Tower
Other institutional investors have also made moves with American Tower recently. Intech Investment Management increased its stake by over 30%, while Amundi significantly boosted its holdings. Conversely, the California State Teachers Retirement System trimmed its position, now holding 682,040 shares. These actions reflect varying confidence levels among major investors in the company.
How American Tower Corporation Stock Has Traded
American Tower's stock was trading at $164.78 when this article was published, which is lower than its previous close of $173.98. The stock has seen a 52-week low of $160.06 and a high of $197.41, suggesting it is currently near its lower range, potentially offering a buying opportunity for investors looking at long-term growth.
Analysts Set New Price Targets
On September 30, 2026, Barclays maintained its 'Overweight' rating for American Tower with a price target of $199. This follows an upgrade from the same firm on August 20, when it raised its target from $195 to $198. Truist Securities reiterated its 'Buy' rating with a target of $207 on August 12, while TD Cowen and BMO Capital also maintained positive ratings. The consensus among 23 analysts gives American Tower a 'buy' recommendation with a mean price target of $215.70.
What American Tower Corporation Does
American Tower Corporation is a leading real estate investment trust (REIT) focused on owning and managing communications infrastructure. The company operates over 148,000 communications sites worldwide, making it a crucial player in the telecommunications sector.
What’s Next for American Tower
American Tower is scheduled to report its next earnings on October 27, 2026. This upcoming report will be closely watched by investors, especially following the recent institutional moves and analyst upgrades. Keep in mind that the 13F filing reflects holdings as of the reporting period and may not represent current positions.
Related Filing Alerts
Source: Bank of America's 13F filing on $AMT (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts