Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Lifted by Hall Laurie J Trustee

Hall Laurie J Trustee lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 25,425 shares of the industrial products company’s stock after acquiring an additional 1,235 shares during the quarter. Hall Laurie J Trustee’s holdings in Crown were worth $2,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Marshall & Sullivan Inc. WA boosted its position in Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after purchasing an additional 155 shares during the period. GAMMA Investing LLC increased its stake in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Crown by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 183 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock worth $481,000 after acquiring an additional 185 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Crown by 6.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 223 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Crown Stock Performance

Shares of CCK opened at $85.59 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a market cap of $10.24 billion, a PE ratio of 105.66, a PEG ratio of 1.51 and a beta of 0.86. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $98.46. The stock’s fifty day moving average price is $86.75 and its two-hundred day moving average price is $88.18.

Crown (NYSE:CCK) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.81 by $0.18. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. On average, equities research analysts forecast that Crown Holdings, Inc. will post 6.35 EPS for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, November 14th. Crown’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Ratings Changes

A number of brokerages have issued reports on CCK. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial upped their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Thursday. Citigroup upped their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Robert W. Baird upped their target price on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.46.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.