Crown Holdings, Inc. (NYSE:CCK) COO Sells $958,900.00 in Stock

Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now owns 114,402 shares in the company, valued at $10,970,007.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Crown Stock Down 1.6 %

Shares of CCK stock opened at $93.70 on Friday. The stock has a market cap of $11.31 billion, a P/E ratio of 27.00, a PEG ratio of 2.19 and a beta of 0.86. The company’s fifty day simple moving average is $92.52 and its two-hundred day simple moving average is $85.02. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s dividend payout ratio is presently 28.82%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCK shares. Bank of America increased their price target on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays lifted their target price on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird raised their price objective on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Mizuho set a $110.00 target price on shares of Crown in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.62.

Institutional Trading of Crown

Large investors have recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of Crown in the first quarter valued at $43,000. State of Michigan Retirement System grew its stake in shares of Crown by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 29,400 shares of the industrial products company’s stock worth $2,330,000 after buying an additional 500 shares in the last quarter. TFC Financial Management Inc. increased its holdings in shares of Crown by 50.5% in the 1st quarter. TFC Financial Management Inc. now owns 1,385 shares of the industrial products company’s stock worth $110,000 after buying an additional 465 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Crown by 35.3% during the 1st quarter. BNP Paribas Financial Markets now owns 56,933 shares of the industrial products company’s stock valued at $4,513,000 after buying an additional 14,843 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Crown in the 1st quarter valued at about $500,000. Institutional investors own 90.93% of the company’s stock.

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.