Commonwealth Equity Services LLC Has $449,000 Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Commonwealth Equity Services LLC lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,030 shares of the industrial products company’s stock after selling 523 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Crown were worth $449,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Crown by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 158 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of 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 purchasing an additional 160 shares in the last quarter. Fifth Third Bancorp raised its stake in Crown by 36.1% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 176 shares during the period. Verdence Capital Advisors LLC raised its stake in Crown by 3.7% in the 1st quarter. Verdence Capital Advisors LLC now owns 5,348 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 193 shares during the period. Finally, OFI Invest Asset Management raised its stake in Crown by 2.2% in the 2nd quarter. OFI Invest Asset Management now owns 11,267 shares of the industrial products company’s stock valued at $782,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Performance

NYSE:CCK opened at $93.70 on Friday. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $94.46. The business’s fifty day moving average is $87.43 and its 200 day moving average is $82.13. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.13 and a beta of 0.85.

Crown (NYSE:CCK) last posted its 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. Crown had a return on equity of 23.96% and a net margin of 3.68%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Research analysts predict that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown Dividend Announcement

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

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was 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 directly owns 593,678 shares in the company, valued at approximately $50,480,440.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the transaction, the chief executive officer now owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the transaction, the chief executive officer now directly owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $2,598,675 in the last ninety days. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCK shares. Royal Bank of Canada increased their price target on Crown from $96.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays increased their price target on Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup increased their price target on Crown from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Bank of America increased their price target on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, UBS Group lowered their price objective on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.14.

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.