Corient Private Wealth LP Has $20.72 Million Stock Holdings in Crown Holdings, Inc. $CCK

Key Points

• Corient Private Wealth increased its Crown Holdings stake by 10.5% in the second quarter, bringing its holdings to 185,288 shares valued at $20.72 million. Institutional investors collectively own 90.93% of Crown’s stock.
• Crown exceeded quarterly expectations with earnings of $2.49 per share versus the $2.16 consensus estimate, while revenue rose 16.5% year over year to $3.67 billion. The company also reaffirmed 2026 earnings guidance and pays a $0.35 quarterly dividend, yielding about 1.2%.
• Analyst sentiment remains favorable, with 11 Buy ratings and six Holds; Crown has a consensus “Moderate Buy” rating and a $128.20 target price. Recent target increases include Truist at $141 and Bank of America at $145, although JPMorgan downgraded the stock to Neutral.

Corient Private Wealth LP lifted its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,288 shares of the industrial products company's stock after purchasing an additional 17,600 shares during the quarter. Corient Private Wealth LP owned 0.17% of Crown worth $20,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Crown in the second quarter valued at about $2,896,000. California State Teachers Retirement System raised its stake in shares of Crown by 10,917.0% in the second quarter. California State Teachers Retirement System now owns 14,660,497 shares of the industrial products company's stock valued at $1,639,337,000 after acquiring an additional 14,527,425 shares during the last quarter. AlphaGrep UK Ltd acquired a new position in shares of Crown in the 2nd quarter worth approximately $331,000. Nykredit A S acquired a new position in shares of Crown in the 2nd quarter worth approximately $99,537,000. Finally, Proficio Capital Partners LLC bought a new stake in Crown during the 2nd quarter worth approximately $394,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Trading Down 0.2%

Shares of CCK opened at $112.38 on Tuesday. The stock's fifty day simple moving average is $116.60 and its 200-day simple moving average is $107.67. The firm has a market capitalization of $12.22 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $122.91. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 EPS. 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, research analysts predict that Crown Holdings, Inc. will post 8.39 earnings per share for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown's payout ratio is 20.14%.

Insiders Place Their Bets

In related news, CEO Timothy Donahue sold 15,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Crown in a report on Thursday, July 23rd. Truist Financial restated a "buy" rating and set a $141.00 target price (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Crown from $117.00 to $127.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. cut Crown from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $107.00 to $121.00 in a report on Wednesday, July 22nd. Finally, Bank of America upped their price target on shares of Crown from $129.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Crown Profile

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.

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