Captrust Financial Advisors Cuts Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Captrust Financial Advisors lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 24.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,731 shares of the industrial products company’s stock after selling 2,216 shares during the period. Captrust Financial Advisors’ holdings in Crown were worth $557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 117 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 269 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 647 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Crown by 16.2% in the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 138 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCK has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Truist Financial reduced their price target on Crown from $107.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada raised their price objective on Crown from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, UBS Group boosted their target price on Crown from $109.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $110.45.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the transaction, the chief operating officer now owns 135,014 shares in the company, valued at approximately $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Crown Price Performance

Shares of NYSE:CCK opened at $99.42 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $100.17. The company’s 50 day moving average is $89.75 and its 200 day moving average is $88.43. The company has a market cap of $11.57 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. Crown had a net margin of 3.59% and a return on equity of 25.12%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 15th. Crown’s dividend payout ratio is currently 22.37%.

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.