Cwm LLC Boosts Position in Crown Holdings, Inc. (NYSE:CCK)

Cwm LLC raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,627 shares of the industrial products company’s stock after buying an additional 359 shares during the period. Cwm LLC’s holdings in Crown were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in shares of Crown by 9.6% in the third quarter. Victory Capital Management Inc. now owns 4,786,441 shares of the industrial products company’s stock valued at $423,504,000 after purchasing an additional 418,220 shares during the period. FMR LLC grew its position in shares of Crown by 8.6% during the 3rd quarter. FMR LLC now owns 3,776,097 shares of the industrial products company’s stock worth $334,109,000 after buying an additional 298,766 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Crown by 41.9% during the third quarter. Toronto Dominion Bank now owns 2,213,904 shares of the industrial products company’s stock valued at $195,886,000 after buying an additional 654,082 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Crown by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 2,013,351 shares of the industrial products company’s stock valued at $185,409,000 after acquiring an additional 133,813 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Crown by 46.7% in the third quarter. Hsbc Holdings PLC now owns 1,414,343 shares of the industrial products company’s stock worth $125,449,000 after acquiring an additional 450,087 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Timothy J. Donahue sold 22,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total value of $1,916,550.00. Following the sale, the chief executive officer now directly owns 616,178 shares of the company’s stock, valued at approximately $52,486,042.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 0.1 %

Shares of Crown stock opened at $82.45 on Monday. The firm’s 50 day simple moving average is $78.16 and its two-hundred day simple moving average is $82.64. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.79 and a beta of 0.88. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $96.35. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 2.26.

Crown (NYSE:CCK) last released its earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.93 billion. Crown had a return on equity of 23.95% and a net margin of 3.51%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Analysts predict that Crown Holdings, Inc. will post 5.94 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.21%. Crown’s dividend payout ratio (DPR) is presently 28.82%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CCK. Loop Capital raised their target price on shares of Crown from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley assumed coverage on shares of Crown in a research note on Monday, March 18th. They issued an “equal weight” rating and a $87.00 price objective for the company. Wolfe Research started coverage on Crown in a research report on Friday, March 1st. They set an “outperform” rating and a $102.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Crown from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their price objective on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.29.

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.