Vontobel Holding Ltd. Sells 938 Shares of Crown Holdings, Inc. (NYSE:CCK)

Vontobel Holding Ltd. reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,845 shares of the industrial products company’s stock after selling 938 shares during the quarter. Vontobel Holding Ltd.’s holdings in Crown were worth $1,999,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CCK. Wellington Management Group LLP increased its stake in Crown by 37.5% in the 4th quarter. Wellington Management Group LLP now owns 693,795 shares of the industrial products company’s stock worth $63,892,000 after purchasing an additional 189,075 shares during the period. Mather Group LLC. purchased a new position in shares of Crown in the first quarter worth $32,000. Gulf International Bank UK Ltd raised its holdings in Crown by 13.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 25,612 shares of the industrial products company’s stock valued at $2,030,000 after buying an additional 3,036 shares during the last quarter. Steph & Co. boosted its position in Crown by 32.9% during the 1st quarter. Steph & Co. now owns 4,177 shares of the industrial products company’s stock valued at $331,000 after buying an additional 1,033 shares during the period. Finally, Trivant Custom Portfolio Group LLC bought a new stake in Crown in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

CCK stock opened at $97.75 on Friday. 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 50 day moving average price of $91.66 and a 200-day moving average price of $84.40. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.19 and a beta of 0.86.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (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 business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts forecast that Crown Holdings, Inc. will post 6.15 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio (DPR) is 28.82%.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction that occurred 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 in the company, valued at $50,480,440.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Crown news, Director James H. Miller sold 1,006 shares of the company’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 in the company, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 15,000 shares of Crown 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 sale, the chief executive officer now owns 593,678 shares of the company’s stock, valued at $50,480,440.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,506 shares of company stock worth $3,392,349. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Crown from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. Wells Fargo & Company increased their price objective on Crown from $88.00 to $97.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. UBS Group reduced their target price on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Crown in a research note on Tuesday, September 24th. Finally, Bank of America boosted their price objective on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.69.

Crown Company 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.