Crown Holdings, Inc. (NYSE:CCK) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,627 shares of the industrial products company’s stock after selling 212 shares during the period. ProShare Advisors LLC’s holdings in Crown were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCK. Vanguard Group Inc. grew its stake in shares of Crown by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company’s stock valued at $951,306,000 after acquiring an additional 176,639 shares in the last quarter. William Blair Investment Management LLC grew its stake in Crown by 2.0% during the 1st quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company’s stock valued at $224,020,000 after purchasing an additional 56,604 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Crown by 28.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,566,163 shares of the industrial products company’s stock worth $124,134,000 after purchasing an additional 351,545 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Crown in the 1st quarter valued at approximately $119,167,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Crown by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock valued at $109,504,000 after buying an additional 79,502 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity at Crown

In other Crown news, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Crown news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares in the company, valued at $1,187,734.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,275,450.00. Following the transaction, 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 31,006 shares of company stock worth $2,694,849 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Crown Trading Down 0.2 %

Shares of NYSE:CCK opened at $95.72 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $96.74. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The company has a market cap of $11.56 billion, a PE ratio of 27.59, a P/E/G ratio of 2.26 and a beta of 0.85. The company’s 50-day moving average price is $89.58 and its 200 day moving average price is $82.91.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (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 the consensus estimate of $3.06 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.15 earnings per share for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio (DPR) is 28.82%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Wells Fargo & Company increased their price target on shares of Crown from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. UBS Group lowered their price objective on Crown from $112.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Citigroup increased their target price on Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Truist Financial boosted their price target on Crown from $88.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.14.

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.