Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,165 shares of the industrial products company’s stock after selling 1,230 shares during the period. Los Angeles Capital Management LLC’s holdings in Crown were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC boosted its stake in Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after purchasing an additional 749,085 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Crown by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock worth $544,301,000 after buying an additional 412,973 shares in the last quarter. State Street Corp lifted its holdings in shares of Crown by 1.8% in the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock valued at $383,559,000 after buying an additional 69,260 shares during the period. Pacer Advisors Inc. boosted its stake in Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Crown by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company’s stock worth $245,408,000 after acquiring an additional 283,014 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Trading Down 1.6 %

NYSE:CCK opened at $88.21 on Tuesday. The stock has a market cap of $10.55 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The stock’s 50-day moving average is $85.65 and its two-hundred day moving average is $89.54.

Crown (NYSE:CCK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. Crown’s dividend payout ratio (DPR) is currently 29.21%.

Analysts Set New Price Targets

CCK has been the subject of several research reports. UBS Group reduced their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Barclays decreased their price target on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho cut their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, Truist Financial upped their target price on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus target price of $106.00.

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.