Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its holdings in Crown Holdings, Inc. (NYSE:CCK) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,162 shares of the industrial products company’s stock after selling 409 shares during the quarter. Trust Co. of Vermont’s holdings in Crown were worth $2,081,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sessa Capital IM L.P. grew its holdings in Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after acquiring an additional 1,989,374 shares during the period. Metropolis Capital Ltd boosted its position in Crown by 269.7% in the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock worth $139,578,000 after purchasing an additional 1,062,001 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Crown by 125.0% during the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after purchasing an additional 751,530 shares during the period. FMR LLC increased its holdings in shares of Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after purchasing an additional 749,085 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Crown by 31.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company’s stock valued at $147,032,000 after purchasing an additional 473,000 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the sale, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Crown Stock Up 0.4 %

Shares of NYSE CCK opened at $85.59 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company has a 50-day moving average of $86.75 and a 200 day moving average of $88.07. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $98.46. The stock has a market cap of $10.24 billion, a PE ratio of 105.66, a P/E/G ratio of 1.51 and a beta of 0.86.

Crown (NYSE:CCK) last posted its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.07 billion. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 6.35 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 14th. Crown’s dividend payout ratio (DPR) is presently 123.46%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CCK shares. Royal Bank of Canada lifted their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Barclays upped their price target on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, Robert W. Baird lifted their price target 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.46.

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.