US Bancorp DE Acquires 891 Shares of Crown Holdings, Inc. (NYSE:CCK)

US Bancorp DE raised its position in Crown Holdings, Inc. (NYSE:CCK) by 41.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,039 shares of the industrial products company’s stock after acquiring an additional 891 shares during the period. US Bancorp DE’s holdings in Crown were worth $251,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CCK. Covestor Ltd raised its stake in shares of Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Crown by 17.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,766 shares of the industrial products company’s stock worth $1,032,000 after purchasing an additional 1,573 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Crown during the 3rd quarter worth approximately $613,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Crown by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock worth $23,878,000 after purchasing an additional 10,295 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in shares of Crown during the 3rd quarter worth approximately $494,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $89.01 on Friday. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The business’s 50-day simple moving average is $86.74 and its two-hundred day simple moving average is $89.54. The stock has a market cap of $10.46 billion, a PE ratio of 25.00, a P/E/G ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.17%. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s dividend payout ratio is presently 29.21%.

Analyst Ratings Changes

A number of research firms recently weighed in on CCK. Citigroup increased their price target on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Barclays reduced their target price on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company raised their price objective on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Crown Company 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.