Personal CFO Solutions LLC Buys Shares of 3,426 Crown Holdings, Inc. (NYSE:CCK)

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

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Crown by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 3,135,062 shares of the industrial products company's stock valued at $279,836,000 after purchasing an additional 167,252 shares during the period. AQR Capital Management LLC boosted its stake in shares of Crown by 30.6% in the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock valued at $140,720,000 after purchasing an additional 399,842 shares during the period. Dimensional Fund Advisors LP raised its holdings in Crown by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company's stock valued at $128,464,000 after acquiring an additional 12,784 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Crown by 22.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock valued at $128,126,000 after acquiring an additional 279,596 shares in the last quarter. Finally, Norges Bank acquired a new stake in Crown in the fourth quarter valued at approximately $113,568,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Insiders Place Their Bets

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's 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 sale, the chief operating officer owned 135,014 shares of the company's stock, valued at approximately $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of Crown 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 $447,345. This trade represents a 32.13% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CCK has been the topic of several analyst reports. Barclays raised their target price on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Bank of America raised their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Citigroup raised their price objective on shares of Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Two research 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 company's stock. According to data from MarketBeat, Crown currently has an average rating of "Moderate Buy" and an average target price of $115.73.

Crown Stock Performance

Shares of CCK opened at $108.03 on Thursday. The company's 50 day simple moving average is $100.73 and its 200-day simple moving average is $91.43. Crown Holdings, Inc. has a 12-month low of $71.62 and a 12-month high of $109.48. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 1.50. The firm has a market cap of $12.57 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76.

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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm posted $1.02 EPS. Crown's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, May 15th. Crown's dividend payout ratio (DPR) is currently 22.37%.

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.

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