Bank of America Corp DE Has $86.94 Million Position in Crown Holdings, Inc. $CCK

Key Points

• Bank of America reduced its Crown Holdings stake by 11.3% in the first quarter, selling 110,545 shares and retaining 867,271 shares valued at approximately $86.9 million. Institutional investors and hedge funds collectively own 90.93% of CCK.
• Crown reported strong quarterly results, with EPS of $2.49 versus the $2.16 consensus estimate and revenue of $3.67 billion, up 16.5% year over year. The company issued fiscal 2026 EPS guidance of $8.30–$8.50.
• Analyst sentiment remains positive overall, with an average “Moderate Buy” rating and a $128.20 price target, while Crown maintains a quarterly dividend of $0.35 per share, yielding about 1.2%.

Bank of America Corp DE cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867,271 shares of the industrial products company's stock after selling 110,545 shares during the quarter. Bank of America Corp DE owned 0.78% of Crown worth $86,944,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCK. OLD National Bancorp IN increased its position in shares of Crown by 507.7% in the 4th quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company's stock valued at $9,221,000 after buying an additional 74,814 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Crown during the first quarter worth about $3,258,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Crown during the fourth quarter worth about $3,855,000. World Investment Advisors acquired a new position in Crown in the fourth quarter valued at about $1,188,000. Finally, Hixon Zuercher LLC acquired a new position in Crown in the fourth quarter valued at about $2,418,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer directly owned 436,070 shares of the company's stock, valued at $45,787,350. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered Crown from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $107.00 to $121.00 in a research report on Wednesday, July 22nd. DA Davidson decreased their price objective on Crown from $115.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their target price on Crown from $131.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Crown from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Crown from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.20.

Crown Trading Down 0.2%

NYSE CCK opened at $120.85 on Friday. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $122.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. The stock's 50 day moving average price is $109.25 and its two-hundred day moving average price is $106.28. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.69 and a beta of 0.59.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.37 billion. During the same period last year, the business earned $2.15 EPS. The business's quarterly revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, analysts anticipate that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown's payout ratio is presently 20.14%.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.

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