Swiss National Bank Sells 9,100 Shares of Crown Holdings, Inc. (NYSE:CCK)

Swiss National Bank cut its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377,200 shares of the industrial products company's stock after selling 9,100 shares during the quarter. Swiss National Bank owned about 0.31% of Crown worth $34,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Victory Capital Management Inc. grew its stake in shares of Crown by 7.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,136,706 shares of the industrial products company's stock valued at $473,039,000 after acquiring an additional 350,265 shares in the last quarter. FMR LLC grew its position in Crown by 8.6% during the third quarter. FMR LLC now owns 3,776,097 shares of the industrial products company's stock worth $334,109,000 after buying an additional 298,766 shares in the last quarter. Toronto Dominion Bank raised its holdings in Crown by 41.9% in the 3rd quarter. Toronto Dominion Bank now owns 2,213,904 shares of the industrial products company's stock valued at $195,886,000 after acquiring an additional 654,082 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Crown by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 2,013,351 shares of the industrial products company's stock valued at $185,409,000 after acquiring an additional 133,813 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Crown by 46.7% during the 3rd quarter. Hsbc Holdings PLC now owns 1,414,343 shares of the industrial products company's stock worth $125,449,000 after purchasing an additional 450,087 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 22,500 shares of the business's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the transaction, the chief executive officer now owns 616,178 shares in the company, valued at approximately $52,486,042.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.

Crown Trading Up 0.2 %

Shares of CCK traded up $0.19 during mid-day trading on Wednesday, reaching $84.03. 1,337,965 shares of the company were exchanged, compared to its average volume of 1,241,152. The business has a 50 day simple moving average of $78.61 and a two-hundred day simple moving average of $82.71. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $96.35. The stock has a market capitalization of $10.15 billion, a PE ratio of 24.22, a PEG ratio of 2.77 and a beta of 0.88. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.77 and a current ratio of 1.19.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.06. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.93 billion. Crown had a net margin of 3.51% and a return on equity of 23.95%. The company's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. On average, analysts predict that Crown Holdings, Inc. will post 5.94 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. Crown's payout ratio is currently 28.82%.

Wall Street Analyst Weigh In

CCK has been the subject of several recent analyst reports. 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. Truist Financial reissued a "hold" rating and issued a $88.00 price objective (down from $100.00) on shares of Crown in a research note on Wednesday, March 27th. Robert W. Baird raised their target price on Crown from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Royal Bank of Canada lowered their price target on Crown from $110.00 to $97.00 and set an "outperform" rating for the company in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Crown from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.29.

Crown 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.