Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 16.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,158 shares of the industrial products company’s stock after buying an additional 16,074 shares during the quarter. Raymond James & Associates’ holdings in Crown were worth $11,041,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CCK. Blue Trust Inc. raised its position in shares of Crown by 158.9% in the 3rd quarter. Blue Trust Inc. now owns 1,574 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 966 shares during the last quarter. Net Worth Advisory Group purchased a new position in shares of Crown in the third quarter worth $334,000. Claro Advisors LLC acquired a new stake in shares of Crown during the third quarter worth $682,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Crown by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,444 shares of the industrial products company’s stock valued at $2,056,000 after buying an additional 347 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Crown in the 3rd quarter valued at $623,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Activity at Crown

In other news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the sale, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total transaction of $643,875.00. Following the transaction, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James H. Miller sold 1,006 shares of Crown stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,506 shares of company stock valued at $3,075,799. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of research reports. Barclays lifted their price target on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America raised their price target on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Mizuho set a $110.00 price objective on shares of Crown in a research note on Friday, October 18th. Finally, UBS Group cut their price objective on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.62.

Crown Trading Up 1.5 %

Shares of Crown stock opened at $95.08 on Tuesday. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The firm’s 50-day moving average price is $92.52 and its 200 day moving average price is $85.06. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $11.48 billion, a PE ratio of 27.41, a P/E/G ratio of 2.19 and a beta of 0.86.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s payout ratio is 28.82%.

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.