Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 19.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,686 shares of the industrial products company’s stock after purchasing an additional 2,039 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Crown were worth $1,049,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in Crown by 160.0% in the fourth 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 last quarter. GAMMA Investing LLC grew its stake 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 worth $47,000 after acquiring an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 117 shares in the last quarter. True Wealth Design LLC raised its position 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 valued at $67,000 after purchasing an additional 685 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Bank of America lowered their price target on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Mizuho dropped their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Truist Financial increased their price target on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.00.

Crown Stock Down 1.8 %

CCK opened at $88.19 on Monday. The company has a fifty day moving average of $88.32 and a two-hundred day moving average of $89.45. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week 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.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. This is a boost from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio (DPR) is currently 29.21%.

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.