Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 30.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,566 shares of the industrial products company's stock after selling 83,381 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Crown worth $16,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in shares of Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock valued at $2,109,000 after buying an additional 12,058 shares during the period. Nordea Investment Management AB lifted its stake in shares of Crown by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company's stock worth $90,511,000 after buying an additional 176,959 shares during the last quarter. Metropolis Capital Ltd grew its holdings in Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after buying an additional 1,000,605 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Crown by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock worth $67,183,000 after purchasing an additional 8,739 shares during the period. Finally, Virtu Financial LLC acquired a new position in Crown in the third quarter valued at about $861,000. 90.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho increased their price objective on shares of Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday. UBS Group boosted their price target on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company increased their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday. Bank of America lowered their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Barclays upped their price target on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average price target of $108.75.

Crown Trading Down 0.2 %

Shares of NYSE CCK traded down $0.17 during mid-day trading on Thursday, reaching $96.16. The company had a trading volume of 1,658,045 shares, compared to its average volume of 1,201,050. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.48. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. The business's 50-day moving average is $87.75 and its 200-day moving average is $88.31. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

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

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. Crown's dividend payout ratio (DPR) is 29.21%.

About Crown

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.