Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 63.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,275 shares of the industrial products company's stock after selling 14,558 shares during the quarter. Vontobel Holding Ltd.'s holdings in Crown were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. AQR Capital Management LLC lifted its position in Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock worth $140,720,000 after buying an additional 399,842 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Crown by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company's stock worth $128,464,000 after purchasing an additional 12,784 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Crown by 22.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock worth $128,126,000 after acquiring an additional 279,596 shares during the period. Norges Bank bought a new stake in shares of Crown in the 4th quarter worth $113,568,000. Finally, Northern Trust Corp raised its position in shares of Crown by 32.0% during the fourth quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock worth $90,373,000 after purchasing an additional 264,803 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

CCK has been the subject of several recent analyst reports. Mizuho upped their price target on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. UBS Group increased their price objective on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Citigroup raised their price target on Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Wall Street Zen raised Crown from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 28th. Finally, Barclays boosted their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average price target of $113.27.

Insider Buying and Selling

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the sale, the vice president owned 4,500 shares in the company, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gerard H. Gifford sold 7,000 shares of the company's 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 sale, the chief operating officer owned 135,014 shares in the company, 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. Insiders own 0.90% of the company's stock.

Crown Stock Performance

Shares of Crown stock traded up $0.20 during trading hours on Tuesday, reaching $108.32. 902,388 shares of the stock traded hands, compared to its average volume of 1,239,597. The company has a 50 day moving average price of $100.26 and a 200 day moving average price of $91.19. 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 one year low of $71.62 and a one year high of $109.09. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.86 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 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. Crown had a return on equity of 26.98% and a net margin of 4.62%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 EPS. On average, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date was Thursday, May 15th. Crown's payout ratio is currently 22.37%.

About Crown

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.