Crown Holdings, Inc. (NYSE:CCK) Position Increased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,739 shares of the industrial products company’s stock after acquiring an additional 14,362 shares during the period. Mutual of America Capital Management LLC owned about 0.13% of Crown worth $12,185,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Hudson Bay Capital Management LP lifted its position in Crown by 55.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 70,000 shares of the industrial products company’s stock valued at $6,194,000 after purchasing an additional 25,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Crown by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company’s stock worth $1,089,029,000 after buying an additional 173,460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Crown by 245.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,808 shares of the industrial products company’s stock worth $5,784,000 after buying an additional 44,630 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Crown by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock worth $121,614,000 after buying an additional 44,195 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Crown during the 4th quarter valued at $3,122,000. 90.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCK has been the topic of a number of research analyst reports. 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 on the stock. Wells Fargo & Company upped their price target on shares of Crown from $76.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Loop Capital raised their price objective on shares of Crown from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup cut their target price on shares of Crown from $102.00 to $94.00 and set a “buy” rating for the company in a research note on Monday. Finally, Robert W. Baird increased their price target on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $98.50.

Crown Trading Down 0.6 %

NYSE:CCK traded down $0.43 during mid-day trading on Tuesday, hitting $72.52. The company had a trading volume of 216,729 shares, compared to its average volume of 1,115,076. The firm has a market cap of $8.76 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.90 and a beta of 0.85. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $96.35. The business’s fifty day moving average is $80.64 and its two-hundred day moving average is $81.42. 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) last released its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The business 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%. Crown’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. As a group, research analysts expect that Crown Holdings, Inc. will post 5.93 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. Crown’s payout ratio is 28.82%.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 22,500 shares of the 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director James H. Miller sold 9,000 shares of Crown stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total value of $746,370.00. Following the sale, the director now owns 12,884 shares of the company’s stock, valued at $1,068,470.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Donahue sold 22,500 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total value of $1,916,550.00. Following the completion of the sale, the chief executive officer now directly owns 616,178 shares of the company’s stock, valued at approximately $52,486,042.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,000 shares of company stock valued at $3,300,420. 0.90% of the stock is currently owned by corporate insiders.

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.