US Bancorp DE Has $335,000 Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

US Bancorp DE raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,753 shares of the industrial products company’s stock after buying an additional 714 shares during the quarter. US Bancorp DE’s holdings in Crown were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCK. Invesco Ltd. increased its stake in Crown by 14.4% in the 4th quarter. Invesco Ltd. now owns 335,672 shares of the industrial products company’s stock valued at $27,757,000 after buying an additional 42,182 shares during the period. Raymond James Financial Inc. bought a new position in shares of Crown during the 4th quarter valued at $8,466,000. Treasurer of the State of North Carolina raised its holdings in shares of Crown by 0.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 52,813 shares of the industrial products company’s stock valued at $4,367,000 after purchasing an additional 230 shares in the last quarter. Jump Financial LLC bought a new position in shares of Crown during the 4th quarter valued at $243,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Crown by 588.0% during the 4th quarter. NewEdge Advisors LLC now owns 5,566 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 4,757 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 1.3%

Shares of NYSE:CCK opened at $102.87 on Thursday. The company has a market cap of $11.97 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.55 and a beta of 0.74. The stock’s 50-day moving average is $103.17 and its 200-day moving average is $94.80. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.29. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. Equities research analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 7th. Crown’s dividend payout ratio (DPR) is currently 21.85%.

Insider Buying and Selling at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the firm’s stock in a transaction 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 sale, the vice president owned 4,500 shares in the company, valued at $447,345. This represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCK. Loop Capital raised their price target on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. UBS Group raised their price target on shares of Crown from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Citigroup restated a “buy” rating on shares of Crown in a report on Wednesday, July 23rd. Finally, Mizuho raised their price target on shares of Crown from $110.00 to $127.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Four 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.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

About Crown

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.