Crown Holdings, Inc. (NYSE:CCK) CEO Timothy J. Donahue Sells 7,500 Shares

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $85.00, for a total transaction of $637,500.00. Following the sale, the chief executive officer now directly owns 608,678 shares of the company's stock, valued at approximately $51,737,630. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Crown Trading Up 1.2 %

Shares of CCK stock traded up $1.03 on Thursday, hitting $85.25. The company had a trading volume of 913,923 shares, compared to its average volume of 1,208,702. The stock's 50-day moving average is $79.59 and its two-hundred day moving average is $82.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.77 and a current ratio of 1.19. The firm has a market cap of $10.29 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.83 and a beta of 0.88. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $96.35.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. Crown had a net margin of 3.51% and a return on equity of 23.95%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business earned $1.20 EPS. The company's revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Crown's payout ratio is currently 28.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley initiated coverage on Crown in a report on Monday, March 18th. They set an "equal weight" rating and a $87.00 price target for the company. Truist Financial restated a "hold" rating and issued a $88.00 price target (down from $100.00) on shares of Crown in a research note on Wednesday, March 27th. Wolfe Research assumed coverage on shares of Crown in a research report on Friday, March 1st. They set an "outperform" rating and a $102.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Crown from $76.00 to $84.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada dropped their price target on Crown from $110.00 to $97.00 and set an "outperform" rating for the company in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $99.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings in Crown by 1.6% in the first quarter. California State Teachers Retirement System now owns 185,940 shares of the industrial products company's stock worth $14,738,000 after purchasing an additional 2,875 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in shares of Crown by 2.3% in the 1st quarter. Levin Capital Strategies L.P. now owns 298,848 shares of the industrial products company's stock valued at $23,687,000 after acquiring an additional 6,603 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of Crown during the 1st quarter valued at $283,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Crown during the 1st quarter valued at $29,981,000. Finally, Kennedy Capital Management LLC grew its holdings in Crown by 5.7% in the first quarter. Kennedy Capital Management LLC now owns 19,540 shares of the industrial products company's stock worth $1,549,000 after purchasing an additional 1,050 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

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.