Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Metropolis Capital Ltd

Metropolis Capital Ltd reduced its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,404,099 shares of the industrial products company's stock after selling 52,258 shares during the period. Crown makes up about 8.0% of Metropolis Capital Ltd's investment portfolio, making the stock its 6th biggest position. Metropolis Capital Ltd owned approximately 2.06% of Crown worth $214,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares during the last quarter. TD Private Client Wealth LLC grew its position in Crown by 4.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock worth $237,000 after purchasing an additional 125 shares during the period. Bessemer Group Inc. increased its stake in shares of Crown by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock valued at $2,816,000 after purchasing an additional 138 shares in the last quarter. Metis Global Partners LLC increased its stake in shares of Crown by 3.8% in the 4th quarter. Metis Global Partners LLC now owns 5,349 shares of the industrial products company's stock valued at $442,000 after purchasing an additional 194 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Crown by 2.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company's stock valued at $775,000 after purchasing an additional 200 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Crown

In related news, VP Christy L. Kalaus sold 2,130 shares of the 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 completion of the sale, the vice president now owns 4,500 shares in the company, valued at approximately $447,345. This trade represents a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of the firm'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 value of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares of the company's stock, valued at $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Crown Stock Up 1.6%

Shares of NYSE CCK traded up $1.62 during midday trading on Monday, hitting $101.47. 341,208 shares of the stock traded hands, compared to its average volume of 1,230,125. The company has a market cap of $11.81 billion, a PE ratio of 28.51, a P/E/G ratio of 1.56 and a beta of 0.76. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $102.00. The business has a 50 day moving average price of $94.11 and a two-hundred day moving average price of $89.34. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data 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. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. Crown's dividend payout ratio (DPR) is presently 22.37%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho increased their target price on Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Crown from a "strong-buy" rating to a "buy" rating in a report on Saturday. UBS Group increased their price objective on shares of Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Truist Financial decreased their price objective on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, Barclays boosted their target price on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.45.

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.