Amalgamated Bank Sells 567 Shares of Crown Holdings, Inc. (NYSE:CCK)

Amalgamated Bank decreased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,142 shares of the industrial products company’s stock after selling 567 shares during the quarter. Amalgamated Bank’s holdings in Crown were worth $4,642,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Crown by 10.5% during 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 buying an additional 283,014 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Crown during the fourth quarter worth about $2,382,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Crown by 15.8% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,200 shares of the industrial products company’s stock worth $6,797,000 after acquiring an additional 11,200 shares in the last quarter. Nan Fung Trinity HK Ltd. increased its stake in Crown by 40.8% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 221,600 shares of the industrial products company’s stock valued at $18,324,000 after buying an additional 64,200 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of Crown during the 4th quarter worth about $213,000. 90.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho dropped their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Bank of America lowered their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.69.

Crown Stock Down 0.2 %

CCK stock opened at $87.86 on Friday. The firm has a market capitalization of $10.51 billion, a PE ratio of 24.68, a P/E/G ratio of 1.56 and a beta of 0.87. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The stock’s 50 day moving average is $85.41 and its 200-day moving average is $89.48.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS 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%. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS 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 paid a $0.26 dividend. This is an increase from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.18%. Crown’s dividend payout ratio is presently 28.09%.

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.