Tokio Marine Asset Management Co. Ltd. Has $339,000 Holdings in Crown Holdings, Inc. (NYSE:CCK)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,539 shares of the industrial products company’s stock after buying an additional 223 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Crown were worth $339,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CCK. Metis Global Partners LLC bought a new position in Crown during the third quarter worth $494,000. Victory Capital Management Inc. increased its stake in Crown by 7.8% in the third quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after purchasing an additional 412,973 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Crown by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after purchasing an additional 10,295 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Crown during the 3rd quarter worth about $613,000. Finally, Jensen Investment Management Inc. grew its stake in shares of Crown by 7.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after buying an additional 7,280 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their target price on Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price target on shares of Crown from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. Finally, Bank of America raised their price objective on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’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 sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James H. Miller sold 1,006 shares of the firm’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 completion of the transaction, the director now directly owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,506 shares of company stock worth $3,157,399. Insiders own 0.90% of the company’s stock.

Crown Stock Down 0.2 %

CCK stock opened at $89.86 on Friday. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The stock has a market cap of $10.75 billion, a P/E ratio of 110.94, a P/E/G ratio of 2.05 and a beta of 0.85. The stock’s fifty day simple moving average is $93.58 and its two-hundred day simple moving average is $86.55. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK) last posted its quarterly earnings results 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. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. Analysts expect that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

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