Personal CFO Solutions LLC Purchases New Position in Crown Holdings, Inc. (NYSE:CCK)

Personal CFO Solutions LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,426 shares of the industrial products company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after buying an additional 256 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Crown by 88.0% during the fourth 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 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. Jones Financial Companies Lllp increased its position in shares of Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after purchasing an additional 647 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Crown during the fourth quarter worth about $91,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president directly owned 4,500 shares of the company's stock, valued at approximately $447,345. This trade represents a 32.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 135,014 shares in the company, valued at $13,096,358. This trade 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 corporate insiders.

Analysts Set New Price Targets

CCK has been the topic of a number of research analyst reports. Barclays lifted their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Morgan Stanley boosted their price target on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their price target on Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. UBS Group boosted their price target on Crown from $114.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Citigroup boosted their price target on Crown from $119.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and a consensus price target of $117.55.

Crown Stock Performance

NYSE CCK traded down $0.31 on Friday, hitting $107.15. 312,048 shares of the company's stock were exchanged, compared to its average volume of 1,236,054. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56. The firm's 50-day moving average price is $100.96 and its two-hundred day moving average price is $91.59. Crown Holdings, Inc. has a fifty-two week low of $73.22 and a fifty-two week high of $109.48. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.86 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. Crown had a return on equity of 26.98% and a net margin of 4.62%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS. On average, research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Thursday, May 15th. Crown's dividend payout ratio (DPR) is presently 22.37%.

Crown 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.