Crown Holdings, Inc. (NYSE:CCK) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 65.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,986 shares of the industrial products company's stock after selling 120,944 shares during the period. First Trust Advisors LP owned 0.05% of Crown worth $5,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares during the period. GAMMA Investing LLC grew its holdings in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after buying an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 acquiring an additional 117 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock worth $68,000 after acquiring an additional 269 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 647 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE CCK traded up $0.87 during trading on Friday, reaching $96.98. The company's stock had a trading volume of 1,491,549 shares, compared to its average volume of 1,200,402. The business's fifty day moving average price is $87.93 and its 200-day moving average price is $88.29. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.48. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.56 and a beta of 0.79. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. Crown had a return on equity of 25.12% and a net margin of 3.59%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. As a group, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.26 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 1.07%. Crown's dividend payout ratio (DPR) is presently 22.37%.

Analyst Ratings Changes

Several equities analysts have weighed in on CCK shares. UBS Group boosted their target price on shares of Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America lowered their price objective on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Barclays lifted their target price on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Crown currently has an average rating of "Moderate Buy" and an average price target of $110.45.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. This trade represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

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.