Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 30.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,399 shares of the industrial products company’s stock after selling 609 shares during the period. Capital Advisors Ltd. LLC’s holdings in Crown were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Jennison Associates LLC acquired a new position in Crown in the fourth quarter valued at approximately $29,748,000. Handelsbanken Fonder AB lifted its holdings in Crown by 5.8% in the fourth quarter. Handelsbanken Fonder AB now owns 20,100 shares of the industrial products company’s stock valued at $1,851,000 after acquiring an additional 1,100 shares during the period. CWM LLC lifted its holdings in Crown by 28.3% in the fourth quarter. CWM LLC now owns 1,627 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 359 shares during the period. Federated Hermes Inc. lifted its holdings in Crown by 2.1% in the fourth quarter. Federated Hermes Inc. now owns 14,533 shares of the industrial products company’s stock valued at $1,338,000 after acquiring an additional 296 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Crown by 4.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,472 shares of the industrial products company’s stock valued at $688,000 after buying an additional 300 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird upgraded Crown from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $90.00 in a research report on Tuesday, April 16th. UBS Group assumed coverage on Crown in a research report on Tuesday, January 16th. They issued a “buy” rating and a $112.00 price objective for the company. Morgan Stanley assumed coverage on Crown in a research report on Monday, March 18th. They issued an “equal weight” rating and a $87.00 price objective for the company. Mizuho cut their price objective on Crown from $105.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their price objective on Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.21.

Crown Trading Down 0.2 %

NYSE:CCK traded down $0.12 during trading hours on Thursday, hitting $78.71. The company had a trading volume of 418,222 shares, compared to its average volume of 1,194,252. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 2.34. The company has a 50-day moving average of $77.10 and a 200 day moving average of $82.65. The company has a market cap of $9.51 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.67 and a beta of 0.91. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $96.35.

Crown (NYSE:CCK) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.19). The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Crown had a net margin of 3.75% and a return on equity of 25.75%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Sell-side analysts expect that Crown Holdings, Inc. will post 5.9 earnings per share for the current year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Crown’s previous quarterly dividend of $0.24. Crown’s dividend payout ratio is 26.60%.

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.