Vontobel Holding Ltd. Sells 318 Shares of Crown Holdings, Inc. $CCK

Vontobel Holding Ltd. reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,957 shares of the industrial products company’s stock after selling 318 shares during the period. Vontobel Holding Ltd.’s holdings in Crown were worth $819,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CCK. GAMMA Investing LLC grew its position in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company’s stock valued at $107,000 after buying an additional 630 shares during the period. SG Americas Securities LLC bought a new position in Crown in the 1st quarter valued at $1,724,000. Exchange Traded Concepts LLC boosted its stake in Crown by 8.1% during the first quarter. Exchange Traded Concepts LLC now owns 8,855 shares of the industrial products company’s stock valued at $790,000 after buying an additional 665 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Crown by 22.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,501 shares of the industrial products company’s stock valued at $1,027,000 after acquiring an additional 2,087 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Crown by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company’s stock valued at $1,222,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CCK. UBS Group dropped their price target on Crown from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Robert W. Baird upped their price objective on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America upped their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Citigroup decreased their target price on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus price target of $118.25.

Insiders Place Their Bets

In related news, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by company insiders.

Crown Trading Down 0.6%

Shares of CCK stock opened at $90.20 on Tuesday. The firm has a fifty day moving average price of $97.00 and a 200-day moving average price of $97.27. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.29 and a beta of 0.73.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.29. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio is 21.85%.

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.