Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 160.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 416 shares of the industrial products company’s stock after purchasing an additional 256 shares during the period. Farther Finance Advisors LLC’s holdings in Crown were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of Crown by 12.1% during the fourth quarter. HighTower Advisors LLC now owns 11,698 shares of the industrial products company’s stock worth $967,000 after purchasing an additional 1,266 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Crown by 2.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company’s stock valued at $775,000 after acquiring an additional 200 shares in the last quarter. AlphaQuest LLC raised its holdings in Crown by 257.3% in the fourth quarter. AlphaQuest LLC now owns 34,277 shares of the industrial products company’s stock valued at $2,834,000 after acquiring an additional 24,684 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Crown in the fourth quarter valued at $1,219,000. Finally, Amundi raised its holdings in Crown by 67.2% in the fourth quarter. Amundi now owns 818,361 shares of the industrial products company’s stock valued at $65,637,000 after acquiring an additional 328,825 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

CCK stock opened at $87.39 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The firm has a market capitalization of $10.27 billion, a PE ratio of 24.55, a P/E/G ratio of 1.56 and a beta of 0.88. The firm has a 50-day moving average of $87.90 and a two-hundred day moving average of $89.51.

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

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. Crown’s dividend payout ratio is currently 29.21%.

Analyst Ratings Changes

Several analysts recently issued reports on CCK shares. Bank of America cut their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup upped their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.00.

About Crown

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.