Gulf International Bank UK Ltd Sells 2,590 Shares of Crown Holdings, Inc. $CCK

Key Points

• Gulf International Bank UK Ltd reduced its stake in Crown Holdings, Inc. by 27.6%, selling 2,590 shares and bringing its total holdings to 6,793 shares worth approximately $606,000.
• Crown Holdings reported a better-than-expected quarterly earnings with an EPS of $2.15, exceeding analysts' estimates by $0.29, and a year-over-year revenue increase of 3.6% to $3.15 billion.
• The company declared a quarterly dividend of $0.26 per share, with an upcoming payout date of August 21st, reflecting a yield of 1.0% and a payout ratio of 21.85%.

Gulf International Bank UK Ltd reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,793 shares of the industrial products company's stock after selling 2,590 shares during the quarter. Gulf International Bank UK Ltd's holdings in Crown were worth $606,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in Crown by 47.6% during the 1st 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. Signaturefd LLC increased its stake in shares of Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service increased its stake in shares of Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after acquiring an additional 189 shares during the last quarter. Colonial Trust Co SC increased its stake in shares of Crown by 88.0% in the fourth 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. Finally, Parallel Advisors LLC increased its stake in shares of Crown by 33.8% in the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after acquiring an additional 205 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

CCK stock traded up $1.2880 during mid-day trading on Tuesday, reaching $100.1380. 599,325 shares of the stock traded hands, compared to its average volume of 1,345,087. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The business has a 50-day moving average of $103.22 and a two-hundred day moving average of $95.16. The firm has a market capitalization of $11.65 billion, a PE ratio of 21.04, a P/E/G ratio of 1.51 and a beta of 0.74.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the company earned $1.81 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 7th. Crown's dividend payout ratio (DPR) is presently 21.85%.

Insider Buying and Selling at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of the 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 completion of the sale, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Bank of America upped their price target on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. UBS Group upped their price target on shares of Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Baird R W downgraded shares of Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

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.