Hsbc Holdings PLC Sells 165,640 Shares of Crown Holdings, Inc. $CCK

Hsbc Holdings PLC lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,901 shares of the industrial products company’s stock after selling 165,640 shares during the quarter. Hsbc Holdings PLC’s holdings in Crown were worth $5,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CCK. State Street Corp increased its stake in shares of Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock worth $436,078,000 after acquiring an additional 93,045 shares in the last quarter. AQR Capital Management LLC boosted its stake in Crown by 19.3% during the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock worth $426,086,000 after acquiring an additional 670,412 shares in the last quarter. Invesco Ltd. grew its holdings in Crown by 33.6% in the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock worth $363,173,000 after purchasing an additional 886,471 shares during the period. Dimensional Fund Advisors LP grew its holdings in Crown by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock worth $198,186,000 after purchasing an additional 32,112 shares during the period. Finally, Norges Bank bought a new position in shares of Crown during the fourth quarter valued at approximately $158,288,000. Institutional investors own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.

Crown Trading Down 1.4%

Shares of NYSE CCK opened at $111.66 on Thursday. The firm’s 50 day moving average price is $116.64 and its 200-day moving average price is $107.73. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. The company has a market cap of $12.14 billion, a PE ratio of 16.07, a P/E/G ratio of 1.59 and a beta of 0.58.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.33. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, equities research analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Crown’s payout ratio is currently 20.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCK. Wells Fargo & Company boosted their price target on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Robert W. Baird raised their price objective on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Citigroup reiterated a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Jefferies Financial Group set a $121.00 target price on Crown in a research note on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.20.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.