Charles Schwab Investment Management Inc. Sells 1,923 Shares of Crown Holdings, Inc. $CCK

Charles Schwab Investment Management Inc. lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 820,409 shares of the industrial products company’s stock after selling 1,923 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Crown worth $84,486,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of Crown by 412.2% during the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock worth $153,464,000 after purchasing an additional 1,383,624 shares in the last quarter. Swedbank AB raised its stake in Crown by 114.7% during the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after buying an additional 788,818 shares during the period. Nuveen LLC bought a new position in Crown in the first quarter worth approximately $41,360,000. Seizert Capital Partners LLC acquired a new stake in Crown in the second quarter valued at approximately $31,513,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Crown by 4,180.3% during the second quarter. Assenagon Asset Management S.A. now owns 307,710 shares of the industrial products company’s stock valued at $31,688,000 after acquiring an additional 300,521 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Wells Fargo & Company raised their price objective on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Citigroup decreased their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Royal Bank Of Canada lifted their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Trading Down 0.1%

NYSE:CCK opened at $96.83 on Friday. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm’s 50 day moving average is $95.99 and its 200 day moving average is $99.06. The stock has a market capitalization of $11.17 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business posted $1.99 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown’s dividend payout ratio is presently 12.87%.

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.