Crown Holdings, Inc. (NYSE:CCK) Stake Decreased by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in Crown Holdings, Inc. (NYSE:CCK) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,519 shares of the industrial products company’s stock after selling 861 shares during the quarter. Fox Run Management L.L.C.’s holdings in Crown were worth $374,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares in the last quarter. Victory Capital Management Inc. grew its position in Crown by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company’s stock valued at $477,923,000 after buying an additional 102,789 shares in the last quarter. State Street Corp increased its stake in Crown by 1.8% during the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock valued at $383,559,000 after buying an additional 69,260 shares during the period. Pacer Advisors Inc. raised its position in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Crown by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company’s stock worth $245,408,000 after buying an additional 283,014 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of CCK stock opened at $89.18 on Thursday. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock’s fifty day simple moving average is $88.08 and its 200-day simple moving average is $89.47.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. This is a boost 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 currently 29.21%.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Mizuho dropped 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. Bank of America decreased 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. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and an average price target of $106.00.

About Crown

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.