Deutsche Bank AG Has $24.59 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Deutsche Bank AG increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 275,514 shares of the industrial products company's stock after buying an additional 56,664 shares during the quarter. Deutsche Bank AG owned about 0.24% of Crown worth $24,592,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 107 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Crown by 4.2% during the first quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock worth $256,000 after purchasing an additional 115 shares in the last quarter. Parallel Advisors LLC grew its stake 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 worth $72,000 after purchasing an additional 205 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Crown by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company's stock worth $1,222,000 after purchasing an additional 215 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Crown by 15.3% in the first quarter. Blue Trust Inc. now owns 1,644 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

CCK has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group upped their target price on shares of Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Bank of America upped their target price on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Baird R W lowered shares of Crown from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada raised their target price on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Stock Down 0.5%

CCK traded down $0.53 on Friday, reaching $100.55. 824,207 shares of the company traded hands, compared to its average volume of 1,382,645. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.54 and a beta of 0.74. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The stock's 50 day moving average price is $103.26 and its 200-day moving average price is $95.01.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. 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 earned $1.81 earnings per share. On average, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown's dividend payout ratio is currently 21.85%.

Insider Activity

In other news, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company's stock.

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.