Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 9.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,787,606 shares of the industrial products company’s stock after purchasing an additional 749,085 shares during the period. Fmr LLC owned about 0.07% of Crown worth $842,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares in the last quarter. Covestor Ltd raised its holdings in Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Crown during the third quarter worth approximately $48,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crown in the third quarter valued at approximately $55,000. Finally, Blue Trust Inc. grew its holdings in Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 385 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated 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 in the company, valued at $10,970,007.78. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,506 shares of company stock worth $3,157,399. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho set a $110.00 target price on Crown in a research report on Friday, October 18th. Loop Capital increased their price objective on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Citigroup boosted their target price on shares of Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upped their price target on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial boosted their price objective on Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Crown Stock Up 0.9 %

Shares of NYSE:CCK opened at $93.02 on Thursday. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46. The stock has a market cap of $11.13 billion, a P/E ratio of 114.84, a PEG ratio of 2.05 and a beta of 0.85. The business has a fifty day moving average of $93.60 and a two-hundred day moving average of $86.96. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

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

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, November 14th. Crown’s dividend payout ratio is presently 123.46%.

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.