Elo Mutual Pension Insurance Co Sells 484 Shares of Crown Holdings, Inc. (NYSE:CCK)

Elo Mutual Pension Insurance Co reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,540 shares of the industrial products company’s stock after selling 484 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Crown were worth $784,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCK. Vanguard Personalized Indexing Management LLC lifted its holdings in Crown by 12.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,930 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 1,433 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Crown by 3.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 159,295 shares of the industrial products company’s stock valued at $11,850,000 after buying an additional 5,556 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Crown by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after buying an additional 79,502 shares during the period. American Century Companies Inc. increased its stake in Crown by 99.2% in the 2nd quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock worth $7,649,000 after buying an additional 51,199 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Crown by 5.0% during the second quarter. Daiwa Securities Group Inc. now owns 8,372 shares of the industrial products company’s stock valued at $623,000 after acquiring an additional 400 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of NYSE:CCK opened at $93.70 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $94.46. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.13 and a beta of 0.85. The firm’s 50-day moving average is $87.43 and its 200 day moving average is $82.13.

Crown (NYSE:CCK) last released its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly 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. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio is currently 28.82%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital upped their price objective on Crown from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley increased their price objective on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Barclays boosted their target price on shares of Crown from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Citigroup raised their target price on shares of Crown from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, UBS Group decreased their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.14.

Insider Transactions at Crown

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

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.