Corient Private Wealth LLC Sells 17,107 Shares of Crown Holdings, Inc. (NYSE:CCK)

Corient Private Wealth LLC reduced its stake in Crown Holdings, Inc. (NYSE:CCKFree Report) by 76.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,235 shares of the industrial products company’s stock after selling 17,107 shares during the quarter. Corient Private Wealth LLC’s holdings in Crown were worth $482,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP raised its holdings in Crown by 55.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 70,000 shares of the industrial products company’s stock worth $6,194,000 after purchasing an additional 25,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Crown by 245.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,808 shares of the industrial products company’s stock worth $5,784,000 after purchasing an additional 44,630 shares during the period. Dimensional Fund Advisors LP raised its holdings in Crown by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock worth $121,614,000 after purchasing an additional 44,195 shares during the period. Louisiana State Employees Retirement System bought a new position in Crown in the 4th quarter worth $3,122,000. Finally, Wellington Management Group LLP raised its holdings in Crown by 4.1% during the third quarter. Wellington Management Group LLP now owns 504,720 shares of the industrial products company’s stock valued at $44,658,000 after acquiring an additional 19,666 shares during the period. 90.93% of the stock is owned by institutional investors.

Crown Trading Down 0.0 %

CCK opened at $82.29 on Friday. The firm has a market cap of $9.94 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.18 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. The stock has a 50-day moving average of $81.33 and a 200 day moving average of $83.08.

Crown (NYSE:CCKGet Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business posted $1.20 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that Crown Holdings, Inc. will post 5.95 EPS for the current year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. Crown’s dividend payout ratio (DPR) is presently 28.82%.

Analyst Ratings Changes

A number of research firms have commented on CCK. Wolfe Research began coverage on Crown in a report on Friday, March 1st. They set an “outperform” rating and a $102.00 price target on the stock. Morgan Stanley began coverage on Crown in a report on Monday, March 18th. They set an “equal weight” rating and a $87.00 price target on the stock. Truist Financial reissued a “hold” rating and set a $88.00 price target (down from $100.00) on shares of Crown in a report on Wednesday, March 27th. Robert W. Baird raised their price target on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Crown from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $99.29.

Get Our Latest Report on Crown

Insider Buying and Selling at Crown

In other Crown news, Director James H. Miller sold 9,000 shares of the business’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 transaction of $746,370.00. Following the completion of the transaction, the director now owns 12,884 shares in the company, valued at $1,068,470.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James H. Miller sold 9,000 shares of the business’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 completion of the sale, the director now owns 12,884 shares in the company, valued at $1,068,470.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $85.00, for a total value of $637,500.00. Following the completion of the sale, the chief executive officer now owns 608,678 shares of the company’s stock, valued at approximately $51,737,630. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock worth $3,300,420 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Crown Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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