D.A. Davidson & CO. Sells 11,401 Shares of Crown Holdings, Inc. (NYSE:CCK)

D.A. Davidson & CO. reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,474 shares of the industrial products company's stock after selling 11,401 shares during the period. D.A. Davidson & CO.'s holdings in Crown were worth $2,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCK. TD Private Client Wealth LLC raised its position in shares of Crown by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock worth $237,000 after acquiring an additional 125 shares in the last quarter. Bessemer Group Inc. lifted its stake in Crown by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock valued at $2,816,000 after buying an additional 138 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Crown by 2.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company's stock worth $775,000 after buying an additional 200 shares in the last quarter. iA Global Asset Management Inc. grew its position in shares of Crown by 3.8% during the 4th quarter. iA Global Asset Management Inc. now owns 5,530 shares of the industrial products company's stock worth $457,000 after buying an additional 204 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Crown by 33.8% in the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 205 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCK. Barclays lifted their price target on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. UBS Group upped their price target on Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada raised their price objective on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley upped their target price on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Finally, Citigroup lifted their price target on shares of Crown from $119.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and an average price target of $113.27.

Crown Stock Up 0.1%

Crown stock traded up $0.15 during midday trading on Monday, hitting $108.05. 722,122 shares of the stock were exchanged, compared to its average volume of 1,240,946. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. Crown Holdings, Inc. has a 52-week low of $71.62 and a 52-week high of $108.64. The business's 50-day moving average price is $99.90 and its 200-day moving average price is $91.02.

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

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. Crown's dividend payout ratio (DPR) is presently 22.37%.

Insider Buying and Selling

In other news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the transaction, the vice president owned 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the sale, the chief operating officer directly owned 135,014 shares of the company's stock, valued at approximately $13,096,358. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Crown Profile

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.