Union Bancaire Privee UBP SA Sells 3,560 Shares of Crown Holdings, Inc. (NYSE:CCK)

Union Bancaire Privee UBP SA lessened its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,079 shares of the industrial products company's stock after selling 3,560 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Crown were worth $2,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Crown by 160.0% in the 4th 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. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after purchasing an additional 117 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 352 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Crown by 325.1% in 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. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the topic of several recent research reports. Barclays raised their target price 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 research note on Friday, June 6th. Wells Fargo & Company upped their target price on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. UBS Group increased their price target on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.45.

Insider Transactions at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. The trade was a 4.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christy L. Kalaus sold 2,130 shares of the 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 now owns 4,500 shares of the company's stock, valued at approximately $447,345. This represents a 32.13% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Crown Stock Performance

Shares of Crown stock traded down $1.63 during midday trading on Friday, hitting $99.78. The company had a trading volume of 803,937 shares, compared to its average volume of 1,232,931. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $102.00. The business's 50 day simple moving average is $93.68 and its two-hundred day simple moving average is $89.34. The stock has a market cap of $11.61 billion, a PE ratio of 28.03, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results 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 3.59% and a return on equity of 25.12%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $1.02 EPS. The business's 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 fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.26 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.04%. Crown's dividend payout ratio 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.