Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,683 shares of the industrial products company's stock after selling 2,459 shares during the quarter. Amalgamated Bank's holdings in Crown were worth $4,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after buying an additional 256 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after acquiring an additional 352 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after purchasing an additional 647 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Crown by 33.8% during the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. Finally, Natixis acquired a new position in shares of Crown in the 4th quarter valued at $91,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Trading Up 1.5%

Crown stock opened at $106.95 on Thursday. The business has a 50 day moving average price of $99.16 and a two-hundred day moving average price of $90.60. 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 Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $107.00. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76.

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

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 15th. Crown's dividend payout ratio (DPR) is presently 22.37%.

Insider Transactions at Crown

In related news, COO Gerard H. Gifford sold 7,000 shares of the business'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 owned 135,014 shares of the company's stock, valued at $13,096,358. The trade was a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

CCK has been the topic of several recent analyst reports. Mizuho boosted their price objective on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Truist Financial reduced their price target on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 28th. Finally, Barclays lifted their price objective on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.64.

Crown Company 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.

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