Crown Holdings, Inc. (NYSE:CCK) Stake Cut by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,149 shares of the industrial products company’s stock after selling 35,931 shares during the period. Natixis Advisors LLC owned about 0.11% of Crown worth $11,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after buying an additional 256 shares during the period. Brooklyn Investment Group acquired a new position in Crown in the third quarter valued at approximately $44,000. GAMMA Investing LLC grew its holdings in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 117 shares during the period. Finally, True Wealth Design LLC lifted its holdings in shares of Crown by 6,850.0% in the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 685 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of NYSE CCK opened at $90.58 on Thursday. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The stock has a fifty day moving average price of $87.31 and a two-hundred day moving average price of $89.54. The firm has a market cap of $10.65 billion, a P/E ratio of 25.44, a PEG ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.15%. Crown’s dividend payout ratio is currently 29.21%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CCK shares. Wells Fargo & Company increased 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. Citigroup increased their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $109.00 to $105.00 in a research note on Monday, January 13th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barclays reduced their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.