Hancock Whitney Corp Buys Shares of 4,123 Crown Holdings, Inc. (NYSE:CCK)

Hancock Whitney Corp purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,123 shares of the industrial products company's stock, valued at approximately $341,000.

Several other institutional investors have also modified their holdings of CCK. Farther Finance Advisors LLC increased its stake in 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after acquiring an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 117 shares during the last quarter. Venturi Wealth Management LLC boosted 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 buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Crown by 325.1% in the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

CCK traded down $0.17 during trading on Thursday, hitting $96.16. 1,657,690 shares of the stock traded hands, compared to its average volume of 1,201,050. The business has a 50 day moving average price of $87.56 and a 200 day moving average price of $88.29. 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 Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.48. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.45. Crown had a net margin of 3.59% and a return on equity of 25.12%. The company 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 business earned $1.02 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. This is a positive change from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio is currently 29.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCK. Wells Fargo & Company boosted their price objective on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday. Bank of America decreased their price objective on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Mizuho increased their price objective on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.75.

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.