Mutual of America Capital Management LLC Sells 12,515 Shares of Crown Holdings, Inc. (NYSE:CCK)

Mutual of America Capital Management LLC cut its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,931 shares of the industrial products company's stock after selling 12,515 shares during the quarter. Mutual of America Capital Management LLC owned 0.13% of Crown worth $13,204,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Crown by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company's stock worth $279,836,000 after buying an additional 167,252 shares in the last quarter. AQR Capital Management LLC grew 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Crown by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company's stock worth $128,464,000 after buying an additional 12,784 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Crown by 22.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock worth $128,126,000 after buying an additional 279,596 shares in the last quarter. Finally, Norges Bank acquired a new stake in Crown during the fourth quarter worth about $113,568,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCK has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Barclays lifted their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Wall Street Zen raised Crown from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 28th. Morgan Stanley lifted their price objective on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada lifted their price objective on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.55.

Insider Activity at Crown

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

Crown Price Performance

Shares of CCK traded down $0.25 on Friday, hitting $107.20. The company's stock had a trading volume of 790,270 shares, compared to its average volume of 1,238,867. The company has a market capitalization of $12.48 billion, a PE ratio of 23.05, a PEG ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56. Crown Holdings, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $109.48. The company has a 50 day moving average price of $101.16 and a 200 day moving average price of $91.81.

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 net margin of 4.62% and a return on equity of 26.98%. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the previous year, the company posted $1.02 EPS. Crown's revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, May 15th. Crown's dividend payout ratio (DPR) is presently 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.