Crown Holdings, Inc. (NYSE:CCK) Holdings Boosted by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 86.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,700 shares of the industrial products company's stock after acquiring an additional 48,500 shares during the quarter. Adams Diversified Equity Fund Inc. owned 0.09% of Crown worth $9,346,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in Crown by 48.6% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock worth $68,000 after acquiring an additional 269 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Crown by 15.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,200 shares of the industrial products company's stock worth $6,797,000 after purchasing an additional 11,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Crown by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after buying an additional 283,014 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Crown in the fourth quarter valued at approximately $1,138,000. Finally, Proficio Capital Partners LLC acquired a new stake in Crown during the 4th quarter valued at $1,884,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 135,014 shares in the company, valued at approximately $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the transaction, the vice president now directly owns 4,500 shares of the company's stock, valued at approximately $447,345. This trade represents a 32.13% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Crown Stock Down 0.4%

Shares of Crown stock traded down $0.42 during trading hours on Wednesday, hitting $103.97. 1,119,367 shares of the company's stock traded hands, compared to its average volume of 1,240,717. The stock has a 50 day simple moving average of $96.87 and a 200-day simple moving average of $89.93. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $105.05. The company has a market cap of $12.10 billion, a PE ratio of 22.36, a PEG ratio of 1.80 and a beta of 0.76. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. Crown had a net margin of 4.62% and a return on equity of 26.98%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, May 15th. Crown's payout ratio is currently 22.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCK. Wells Fargo & Company lifted their price target on shares of Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Barclays raised their price target on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley raised their target price on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Mizuho boosted their price objective on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and an average price target of $111.64.

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.