TD Private Client Wealth LLC Has $661,000 Position in Crown Holdings, Inc. (NYSE:CCK)

TD Private Client Wealth LLC boosted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 158.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,407 shares of the industrial products company's stock after buying an additional 4,543 shares during the quarter. TD Private Client Wealth LLC's holdings in Crown were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Crown by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after buying an additional 1,091 shares during the last quarter. GAMMA Investing LLC grew its position in Crown by 110.3% during the 1st quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after purchasing an additional 630 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Crown by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after purchasing an additional 8,739 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Crown during the 1st quarter worth approximately $820,000. Finally, State of Alaska Department of Revenue grew its position in Crown by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company's stock worth $1,222,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada lifted their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup lifted their price objective on shares of Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 28th. Finally, UBS Group lifted their price objective on shares of Crown from $114.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average target price of $117.55.

Crown Stock Down 0.2%

NYSE:CCK traded down $0.25 during trading hours on Friday, reaching $107.20. The company's stock had a trading volume of 790,270 shares, compared to its average volume of 1,237,736. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Crown Holdings, Inc. has a one year low of $75.33 and a one year high of $109.48. The business's 50-day moving average is $101.16 and its 200-day moving average is $91.76. 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 (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. Crown had a net margin of 4.62% and a return on equity of 26.98%. Crown's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. Equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given 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 is 22.37%.

Insiders Place Their Bets

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the business'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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the transaction, the chief operating officer directly owned 135,014 shares of the company's stock, valued at approximately $13,096,358. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

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.