Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,086 shares of the industrial products company's stock after selling 21,459 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Crown were worth $5,672,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Royal Bank of Canada boosted its stake in Crown by 24.1% during the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company's stock valued at $4,367,000 after purchasing an additional 9,497 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Crown by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company's stock valued at $367,000 after acquiring an additional 1,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Crown during the 1st quarter valued at $111,000. NewEdge Advisors LLC lifted its position in shares of Crown by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company's stock valued at $528,000 after acquiring an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company's stock valued at $59,471,000 after acquiring an additional 127,737 shares during the last quarter. 90.93% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the sale, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the sale, the chief executive officer owned 451,070 shares of the company's stock, valued at $48,196,829.50. The trade was a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 59,734 shares of company stock valued at $6,619,863 in the last 90 days. Corporate insiders own 0.90% of the company's stock.
Crown Price Performance
CCK opened at $101.22 on Friday. The stock has a fifty day moving average of $106.33 and a 200-day moving average of $102.56. The firm has a market capitalization of $11.36 billion, a P/E ratio of 15.89, a PEG ratio of 1.69 and a beta of 0.75. Crown Holdings, Inc. has a 12-month low of $88.59 and a 12-month high of $116.62. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 1.55.
Crown (NYSE:CCK - Get Free Report) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.05. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $2.99 billion. Crown had a return on equity of 26.68% and a net margin of 5.97%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities analysts forecast that Crown Holdings, Inc. will post 8.03 EPS for the current fiscal year.
Crown Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.35 dividend. The ex-dividend date was Tuesday, March 17th. This is an increase from Crown's previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Crown's dividend payout ratio is currently 21.98%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on CCK. UBS Group cut their price objective on Crown from $126.00 to $120.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Wells Fargo & Company cut their price objective on Crown from $111.00 to $109.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Truist Financial cut their price objective on Crown from $135.00 to $129.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Crown in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Crown in a research report on Wednesday, April 1st. They set a "buy" rating and a $124.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.40.
Read Our Latest Stock Analysis on CCK
Crown Company Profile
(
Free Report)
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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