Amica Retiree Medical Trust Has $909,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Amica Retiree Medical Trust decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,994 shares of the industrial products company’s stock after selling 760 shares during the period. Amica Retiree Medical Trust’s holdings in Crown were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCK. Tidal Investments LLC lifted its position in shares of Crown by 121.3% during the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 12,058 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Crown by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after acquiring an additional 176,959 shares during the period. Metropolis Capital Ltd boosted its stake in shares of Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after purchasing an additional 1,000,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Crown by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock worth $67,183,000 after purchasing an additional 8,739 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Crown during the 3rd quarter worth about $861,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCK. UBS Group reduced their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Mizuho decreased their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Citigroup upped their price target on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Crown Trading Up 2.3 %

CCK opened at $89.18 on Thursday. The firm has a 50 day simple moving average of $88.08 and a 200 day simple moving average of $89.47. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.26 per share. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s payout ratio is presently 29.21%.

Crown 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.