Crown Holdings, Inc. (NYSE:CCK) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 189.5% during the 3rd quarter, Holdings Channel reports. The firm owned 2,148 shares of the industrial products company’s stock after purchasing an additional 1,406 shares during the quarter. US Bancorp DE’s holdings in Crown were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCK. Sessa Capital IM L.P. raised its position in shares of Crown by 153.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company’s stock worth $244,697,000 after purchasing an additional 1,989,374 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Crown during the first quarter worth $119,167,000. Metropolis Capital Ltd raised its holdings in shares of Crown by 269.7% in the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock worth $139,578,000 after acquiring an additional 1,062,001 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Crown by 121.7% in the second quarter. AQR Capital Management LLC now owns 736,478 shares of the industrial products company’s stock valued at $54,787,000 after acquiring an additional 404,250 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Crown during the first quarter valued at $29,981,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of NYSE:CCK opened at $90.02 on Friday. The firm has a market capitalization of $10.77 billion, a PE ratio of 111.19, a P/E/G ratio of 2.08 and a beta of 0.85. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50-day moving average of $93.61 and a two-hundred day moving average of $86.44.

Crown (NYSE:CCK) last posted its earnings results 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. Crown had a net margin of 0.83% and a return on equity of 24.57%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. Crown’s dividend payout ratio (DPR) is 123.46%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCK. Bank of America boosted their target price on shares of Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price objective on shares of Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho set a $110.00 target price on shares of Crown in a research note on Friday, October 18th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Saturday, October 26th. Finally, Truist Financial lifted their price objective on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the transaction, the chief executive officer now directly owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. The trade was a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares of the company’s stock, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,506 shares of company stock worth $3,157,399. Corporate insiders own 0.90% of the company’s stock.

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.