Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA increased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,268 shares of the industrial products company’s stock after buying an additional 155 shares during the quarter. Crown comprises approximately 2.3% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 20th largest position. Marshall & Sullivan Inc. WA’s holdings in Crown were worth $4,735,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the period. DekaBank Deutsche Girozentrale grew its position in Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after buying an additional 183 shares in the last quarter. M&T Bank Corp increased its stake in Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after buying an additional 185 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Crown by 6.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 223 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Crown by 5.5% in the third quarter. CIBC Asset Management Inc now owns 4,304 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 225 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCK has been the subject of several research reports. Citigroup raised their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada increased their price objective on Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group reduced their price objective on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday. Bank of America decreased their price target on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Loop Capital boosted their price objective on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.62.

Crown Stock Up 4.6 %

NYSE CCK traded up $3.64 on Monday, reaching $82.41. The company had a trading volume of 1,054,666 shares, compared to its average volume of 1,069,679. The company’s fifty day moving average is $87.66 and its 200-day moving average is $87.81. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 101.74, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Crown (NYSE:CCK) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.18. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. On average, research analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 14th. Crown’s dividend payout ratio is currently 123.46%.

Insider Buying and Selling

In related news, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the sale, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

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.