Russell Investments Group Ltd. Sells 25,391 Shares of Crown Holdings, Inc. (NYSE:CCK)

Russell Investments Group Ltd. lessened its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,949 shares of the industrial products company's stock after selling 25,391 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Crown worth $25,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. DB Fitzpatrick & Co Inc increased its position in shares of Crown by 0.9% during the third quarter. DB Fitzpatrick & Co Inc now owns 16,258 shares of the industrial products company's stock valued at $1,439,000 after acquiring an additional 142 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Crown by 5.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,057 shares of the industrial products company's stock worth $282,000 after buying an additional 154 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Crown by 1.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,715 shares of the industrial products company's stock valued at $1,205,000 after purchasing an additional 180 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Crown by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 48,116 shares of the industrial products company's stock valued at $4,257,000 after buying an additional 180 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Crown by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 6,903 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 183 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 22,500 shares of the company's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the completion of the sale, the chief executive officer now owns 616,178 shares of the company's stock, valued at $52,486,042.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

Crown Stock Performance

NYSE:CCK traded down $0.69 during trading hours on Thursday, reaching $82.37. 1,006,917 shares of the stock were exchanged, compared to its average volume of 1,253,171. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 2.26. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $96.35. The firm has a 50 day simple moving average of $78.05 and a 200-day simple moving average of $82.62. The stock has a market capitalization of $9.95 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.78 and a beta of 0.88.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm's quarterly revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Crown Holdings, Inc. will post 5.9 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. Crown's dividend payout ratio (DPR) is presently 28.82%.

Wall Street Analyst Weigh In

CCK has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Crown from $76.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Royal Bank of Canada dropped their target price on Crown from $110.00 to $97.00 and set an "outperform" rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on Crown from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley began coverage on shares of Crown in a report on Monday, March 18th. They issued an "equal weight" rating and a $87.00 price target for the company. Finally, Mizuho reduced their price target on shares of Crown from $105.00 to $96.00 and set a "buy" rating for the company in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $99.29.

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.