Crown Holdings, Inc. $CCK Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 1,719.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,380 shares of the industrial products company’s stock after acquiring an additional 279,145 shares during the quarter. Allianz Asset Management GmbH’s holdings in Crown were worth $30,418,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Crown by 47.6% in the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 107 shares during the period. Geneos Wealth Management Inc. increased its position in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares during the period. Signaturefd LLC increased its position in Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 245 shares during the period. National Pension Service boosted its stake in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Crown during the 2nd quarter valued at $46,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCK has been the subject of a number of research reports. Robert W. Baird increased their price target on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial raised Crown from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Friday, September 5th. Wells Fargo & Company decreased their price target on Crown from $113.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group decreased their price target on Crown from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, Mizuho decreased their price target on Crown from $127.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.62.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the sale, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by insiders.

Crown Stock Performance

CCK opened at $94.03 on Friday. The firm has a market cap of $10.94 billion, a PE ratio of 19.75, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $96.36 and a 200-day simple moving average of $97.28. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown’s dividend payout ratio (DPR) is 21.85%.

Crown 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.