Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Hall Laurie J Trustee

Hall Laurie J Trustee lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,425 shares of the industrial products company’s stock after buying an additional 1,235 shares during the period. Hall Laurie J Trustee’s holdings in Crown were worth $2,102,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Crown by 99.2% during the second quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock worth $7,649,000 after purchasing an additional 51,199 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 worth $109,504,000 after purchasing an additional 79,502 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Crown by 12.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,930 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 1,433 shares in the last quarter. Sei Investments Co. raised its holdings in Crown by 139.2% in the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock valued at $9,104,000 after buying an additional 71,227 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in Crown by 2.2% during the second quarter. Westwood Holdings Group Inc. now owns 235,370 shares of the industrial products company’s stock valued at $17,509,000 after buying an additional 5,142 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCK. Barclays raised their target price on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Mizuho reduced their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird increased their target price on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Citigroup raised their target price on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $105.46.

Crown Price Performance

Shares of CCK stock opened at $85.59 on Monday. The firm has a market cap of $10.24 billion, a P/E ratio of 105.66, a P/E/G ratio of 1.51 and a beta of 0.86. The firm has a fifty day moving average of $86.75 and a two-hundred day moving average of $88.18. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-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 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 analyst estimates of $3.07 billion. As a group, research analysts anticipate that Crown Holdings, Inc. will post 6.35 earnings per share for the current fiscal year.

Crown Announces Dividend

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