Sanctuary Advisors LLC Has $829,000 Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Sanctuary Advisors LLC boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 57.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,936 shares of the industrial products company’s stock after buying an additional 3,264 shares during the period. Sanctuary Advisors LLC’s holdings in Crown were worth $829,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Crown during the third quarter worth $861,000. Toronto Dominion Bank increased its position in Crown by 32.9% during the third quarter. Toronto Dominion Bank now owns 15,363 shares of the industrial products company’s stock worth $1,473,000 after acquiring an additional 3,806 shares during the period. Geode Capital Management LLC raised its stake in Crown by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,061,869 shares of the industrial products company’s stock worth $197,242,000 after purchasing an additional 82,764 shares in the last quarter. M&T Bank Corp boosted its holdings in Crown by 3.8% in the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 185 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Crown by 43.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,071 shares of the industrial products company’s stock worth $6,143,000 after purchasing an additional 19,492 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Crown Stock Performance

NYSE CCK opened at $83.42 on Tuesday. The firm’s fifty day moving average price is $91.42 and its two-hundred day moving average price is $87.54. The stock has a market cap of $9.98 billion, a PE ratio of 102.99, a PEG ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46.

Crown (NYSE:CCK) last issued its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. On average, equities analysts expect that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, November 14th. Crown’s dividend payout ratio (DPR) is currently 123.46%.

Insider Activity

In other news, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was 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 in the company, valued at $10,970,007.78. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $2,381,875. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Robert W. Baird increased their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays increased their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Truist Financial boosted their price target on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Loop Capital upped their price target on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

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.