Vanguard Personalized Indexing Management LLC Decreases Position in Crown Holdings, Inc. (NYSE:CCK)

Vanguard Personalized Indexing Management LLC decreased its stake in Crown Holdings, Inc. (NYSE:CCK) by 39.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,807 shares of the industrial products company’s stock after selling 5,128 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Crown were worth $646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. M&T Bank Corp boosted its position in shares of Crown by 3.0% in the fourth quarter. M&T Bank Corp now owns 4,986 shares of the industrial products company’s stock worth $414,000 after buying an additional 146 shares during the period. Brinker Capital Investments LLC lifted its stake in shares of Crown by 1.3% in the fourth quarter. Brinker Capital Investments LLC now owns 12,683 shares of the industrial products company’s stock worth $1,043,000 after acquiring an additional 158 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Crown by 3.5% in the first quarter. AE Wealth Management LLC now owns 5,561 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 186 shares in the last quarter. Mariner LLC lifted its stake in shares of Crown by 0.7% in the fourth quarter. Mariner LLC now owns 26,867 shares of the industrial products company’s stock worth $2,209,000 after acquiring an additional 192 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its stake in shares of Crown by 10.0% in the first quarter. Picton Mahoney Asset Management now owns 2,138 shares of the industrial products company’s stock worth $177,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Crown Stock Down 0.0 %

Shares of Crown stock opened at $88.53 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57. The business’s 50 day simple moving average is $88.96 and its 200-day simple moving average is $84.58. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.86 and a beta of 1.09. Crown Holdings, Inc. has a twelve month low of $66.00 and a twelve month high of $100.39.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 24th. The industrial products company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.03. Crown had a return on equity of 27.45% and a net margin of 3.84%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm earned $2.10 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Equities research analysts forecast that Crown Holdings, Inc. will post 6.19 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, August 9th. Crown’s dividend payout ratio (DPR) is 24.24%.

Analysts Set New Price Targets

CCK has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Crown from $97.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Loop Capital boosted their price target on Crown from $112.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Citigroup upped their price objective on Crown from $102.00 to $114.00 in a research note on Wednesday, July 26th. Bank of America cut their price objective on Crown from $106.00 to $101.00 in a research note on Monday, July 10th. Finally, StockNews.com upgraded Crown from a “sell” rating to a “hold” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.38.

Insider Buying and Selling

In related news, VP Christy L. Kalaus sold 1,914 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.67, for a total value of $173,542.38. Following the completion of the transaction, the vice president now directly owns 7,500 shares of the company’s stock, valued at approximately $680,025. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.