Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 325.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846 shares of the industrial products company’s stock after purchasing an additional 647 shares during the quarter. Jones Financial Companies Lllp’s holdings in Crown were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Metis Global Partners LLC purchased a new position in shares of Crown in the third quarter worth approximately $494,000. CIBC Asset Management Inc increased its position in shares of Crown by 5.5% in the third quarter. CIBC Asset Management Inc now owns 4,304 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 225 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Crown by 10.4% in the third quarter. Natixis Advisors LLC now owns 171,080 shares of the industrial products company’s stock worth $16,403,000 after acquiring an additional 16,050 shares in the last quarter. Claro Advisors LLC purchased a new position in shares of Crown in the third quarter worth approximately $266,000. Finally, Quest Partners LLC increased its position in shares of Crown by 3,676.8% in the third quarter. Quest Partners LLC now owns 9,593 shares of the industrial products company’s stock worth $920,000 after acquiring an additional 9,339 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

CCK stock opened at $90.13 on Tuesday. 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 company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The firm has a 50 day moving average of $86.91 and a two-hundred day moving average of $89.53.

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

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCK. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price objective on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Bank of America lowered their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Truist Financial boosted their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.00.

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.