Capital Advisors Ltd. LLC Has $78,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Capital Advisors Ltd. LLC cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 985 shares of the industrial products company’s stock after selling 414 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Crown were worth $78,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCK. Vanguard Group Inc. grew its stake in shares of Crown by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company’s stock worth $1,089,029,000 after purchasing an additional 173,460 shares during the period. Victory Capital Management Inc. increased its stake in shares of Crown by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,706 shares of the industrial products company’s stock valued at $473,039,000 after acquiring an additional 350,265 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Crown by 7.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,536,995 shares of the industrial products company’s stock worth $233,632,000 after acquiring an additional 186,387 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Crown by 7.1% during 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 purchasing an additional 133,813 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Crown by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock valued at $121,614,000 after purchasing an additional 44,195 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCK shares. JPMorgan Chase & Co. lifted their price target on shares of Crown from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird lifted their target price on Crown from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on Crown from $76.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Loop Capital raised their price target on Crown from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley began coverage on Crown in a research report on Monday, March 18th. They issued an “equal weight” rating and a $87.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.29.

Insider Buying and Selling at Crown

In other news, Director James H. Miller sold 9,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $82.93, for a total value of $746,370.00. Following the transaction, the director now directly owns 12,884 shares of the company’s stock, valued at $1,068,470.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James H. Miller sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total value of $746,370.00. Following the transaction, the director now owns 12,884 shares of the company’s stock, valued at $1,068,470.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 22,500 shares of Crown stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 $52,486,042.04. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock valued at $3,300,420 in the last quarter. 0.90% of the stock is currently owned by insiders.

Crown Price Performance

Shares of NYSE CCK opened at $73.21 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $96.35. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.97 and a beta of 0.85. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.19 and a quick ratio of 0.77. The business has a 50-day moving average of $81.25 and a 200-day moving average of $81.96.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.93 billion. Crown had a return on equity of 23.95% and a net margin of 3.51%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 5.93 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, June 13th. Crown’s dividend payout ratio (DPR) is presently 28.82%.

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.