Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in Crown Holdings, Inc. (NYSE:CCK) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,295 shares of the industrial products company’s stock after purchasing an additional 5,556 shares during the period. Mutual of America Capital Management LLC owned 0.13% of Crown worth $11,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCK. Private Advisor Group LLC acquired a new stake in Crown in the 4th quarter worth approximately $255,000. Envestnet Portfolio Solutions Inc. raised its position in Crown by 6.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the industrial products company’s stock worth $227,000 after buying an additional 160 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Crown by 5.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,294 shares of the industrial products company’s stock worth $856,000 after buying an additional 503 shares during the last quarter. Norges Bank purchased a new position in Crown during the 4th quarter worth approximately $109,826,000. Finally, PNC Financial Services Group Inc. raised its position in Crown by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,344 shares of the industrial products company’s stock worth $3,071,000 after buying an additional 1,052 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Crown from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays raised their price target on shares of Crown from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group reduced their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Bank of America lifted their target price on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Citigroup lifted their target price on shares of Crown from $94.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.14.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the sale, the chief executive officer now owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total value of $643,875.00. Following the sale, the chief executive officer now directly owns 586,178 shares in the company, valued at approximately $50,323,381.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the sale, the chief executive officer now owns 593,678 shares in the company, valued at $50,480,440.34. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $2,598,675 in the last 90 days. 0.90% of the stock is owned by insiders.

Crown Price Performance

Shares of NYSE CCK opened at $93.12 on Thursday. The firm has a market cap of $11.24 billion, a PE ratio of 26.84, a PEG ratio of 2.13 and a beta of 0.85. The firm has a fifty day moving average of $86.68 and a 200 day moving average of $81.87. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $93.79.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.59 by $0.22. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. As a group, research analysts predict that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 1.07%. Crown’s dividend payout ratio (DPR) is presently 28.82%.

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.