American Century Companies Inc. Cuts Stake in Crown Holdings, Inc. $CCK

American Century Companies Inc. decreased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,640 shares of the industrial products company’s stock after selling 9,368 shares during the period. American Century Companies Inc. owned about 0.09% of Crown worth $11,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of CCK. Cetera Investment Advisers raised its holdings in Crown by 25.4% in the first quarter. Cetera Investment Advisers now owns 9,786 shares of the industrial products company’s stock valued at $874,000 after acquiring an additional 1,985 shares in the last quarter. LPL Financial LLC lifted its holdings in Crown by 33.9% during the 1st quarter. LPL Financial LLC now owns 31,973 shares of the industrial products company’s stock worth $2,854,000 after buying an additional 8,092 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Crown during the 1st quarter worth about $519,000. US Bancorp DE increased its holdings in shares of Crown by 23.5% in the 1st quarter. US Bancorp DE now owns 3,753 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 714 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Crown during the 1st quarter worth approximately $482,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE:CCK opened at $98.52 on Friday. The firm’s fifty day simple moving average is $96.26 and its 200-day simple moving average is $99.03. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. The stock has a market cap of $11.36 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.35 and a beta of 0.76. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.98 by $0.26. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, November 6th. Crown’s payout ratio is presently 12.87%.

Analyst Upgrades and Downgrades

CCK has been the topic of several research reports. UBS Group reaffirmed a “buy” rating and set a $117.00 price objective on shares of Crown in a report on Tuesday, October 21st. Wells Fargo & Company raised their price target on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Truist Financial reaffirmed a “buy” rating and set a $126.00 price target (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Citigroup decreased their price objective on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a report on Monday, September 29th. Finally, Royal Bank Of Canada upped their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus price target of $118.08.

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.