Nisa Investment Advisors LLC boosted its stake in shares of Crown Holdings, Inc. (NYSE:CCK – Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,858 shares of the industrial products company’s stock after buying an additional 115 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Crown were worth $256,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Bank of New York Mellon Corp raised its stake in Crown by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company’s stock valued at $279,836,000 after purchasing an additional 167,252 shares in the last quarter. AQR Capital Management LLC lifted its position in Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company’s stock valued at $140,720,000 after buying an additional 399,842 shares during the period. Dimensional Fund Advisors LP lifted its position in Crown by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company’s stock valued at $128,464,000 after buying an additional 12,784 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Crown by 22.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company’s stock worth $128,126,000 after purchasing an additional 279,596 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Crown in the 4th quarter worth about $113,568,000. Institutional investors own 90.93% of the company’s stock.
Crown Stock Down 0.0%
Crown stock opened at $106.36 on Friday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The stock has a 50 day moving average of $101.89 and a two-hundred day moving average of $92.40. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.74 and a beta of 0.76.
Crown Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 15th. Crown’s payout ratio is currently 22.37%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Crown from $114.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Wall Street Zen upgraded Crown from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 28th. Barclays boosted their price objective on Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on Crown from $89.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Citigroup upped their price target on Crown from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.64.
Read Our Latest Stock Analysis on Crown
Insider Transactions at Crown
In other news, VP Christy L. Kalaus sold 2,130 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the transaction, the vice president directly owned 4,500 shares of the company’s stock, valued at approximately $447,345. This represents a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the transaction, the chief operating officer owned 135,014 shares of the company’s stock, valued at approximately $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
Crown 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.
Read More
- Five stocks we like better than Crown
- Investing In Automotive Stocks
- The Market Rally Is Gaining Momentum—Don’t Get Left Behind
- Market Cap Calculator: How to Calculate Market Cap
- High-Flying GE Aerospace Drops After Blowout Q2 — What Now?
- How Can Investors Benefit From After-Hours Trading
- Why Prologis May Be the Smartest Backdoor Bet on AI Real Estate
Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK – Free Report).
Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.