Swiss National Bank Sells 16,800 Shares of Crown Holdings, Inc. (NYSE:CCK)

Swiss National Bank decreased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 340,800 shares of the industrial products company’s stock after selling 16,800 shares during the period. Swiss National Bank owned approximately 0.28% of Crown worth $28,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 12,058 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Crown by 10.4% in the third quarter. Natixis Advisors LLC now owns 171,080 shares of the industrial products company’s stock worth $16,403,000 after purchasing an additional 16,050 shares during the last quarter. Metropolis Capital Ltd grew its holdings in shares of Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock worth $203,116,000 after purchasing an additional 1,000,605 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Crown by 3,676.8% in the third quarter. Quest Partners LLC now owns 9,593 shares of the industrial products company’s stock worth $920,000 after purchasing an additional 9,339 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

CCK has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. UBS Group cut their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Mizuho dropped their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada increased their target price on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Crown Stock Performance

CCK stock opened at $90.13 on Tuesday. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.56 and a beta of 0.88. The firm has a 50-day simple moving average of $86.91 and a two-hundred day simple moving average of $89.53. Crown Holdings, Inc. has a one year low of $70.84 and a one year 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 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%. On average, equities analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.26 dividend. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, March 18th. Crown’s dividend payout ratio (DPR) is presently 29.21%.

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.