Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Cwm LLC

CWM LLC grew its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,297 shares of the industrial products company's stock after buying an additional 2,495 shares during the quarter. CWM LLC's holdings in Crown were worth $1,365,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCK. Farther Finance Advisors LLC increased its position in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares in the last quarter. Colonial Trust Co SC increased its position in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares in the last quarter. Parallel Advisors LLC increased its position in Crown by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after purchasing an additional 205 shares in the last quarter. Natixis purchased a new stake in Crown during the 4th quarter worth about $91,000. Finally, GAMMA Investing LLC increased its position in Crown by 110.3% during the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after purchasing an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Activity at Crown

In related news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the transaction, the chief operating officer directly owned 135,014 shares of the company's stock, valued at approximately $13,096,358. The trade was a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the transaction, the vice president directly owned 4,500 shares in the company, valued at approximately $447,345. The trade was a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CCK. UBS Group raised their price target on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday. Citigroup reissued a "buy" rating on shares of Crown in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wells Fargo & Company raised their price target on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Wall Street Zen lowered Crown from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Crown presently has an average rating of "Moderate Buy" and an average target price of $120.67.

Crown Trading Down 1.1%

Shares of NYSE CCK traded down $1.18 during midday trading on Thursday, hitting $104.16. The stock had a trading volume of 1,896,431 shares, compared to its average volume of 1,121,352. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.66 and a beta of 0.76. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The company has a fifty day moving average price of $102.56 and a 200 day moving average price of $93.22.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%. Crown's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 EPS. On average, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.00%. Crown's dividend payout ratio (DPR) is presently 21.85%.

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.