Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its position in Crown Holdings, Inc. (NYSE:CCK) by 189.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,148 shares of the industrial products company’s stock after acquiring an additional 1,406 shares during the quarter. US Bancorp DE’s holdings in Crown were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sessa Capital IM L.P. lifted its position in shares of Crown by 153.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after purchasing an additional 1,989,374 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Crown during the 1st quarter worth about $119,167,000. Metropolis Capital Ltd boosted its position in shares of Crown by 269.7% during the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock worth $139,578,000 after acquiring an additional 1,062,001 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Crown by 121.7% in the 2nd quarter. AQR Capital Management LLC now owns 736,478 shares of the industrial products company’s stock valued at $54,787,000 after acquiring an additional 404,250 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Crown during the 1st quarter worth about $29,981,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director James H. Miller sold 1,006 shares of the business’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 transaction of $96,173.60. Following the sale, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. The trade was a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 578,678 shares of the company’s stock, valued at $52,416,653.24. The trade was a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,506 shares of company stock worth $3,157,399. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CCK. Barclays raised their price objective on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Robert W. Baird upped their price objective on shares of Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Bank of America upped their target price on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.62.

Crown Stock Down 2.1 %

CCK stock opened at $90.02 on Friday. The stock has a market capitalization of $10.77 billion, a PE ratio of 111.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. The company has a fifty day moving average of $93.61 and a 200-day moving average of $86.44. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.18. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. As a group, analysts expect that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, November 14th. Crown’s dividend payout ratio (DPR) is currently 123.46%.

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.