Carson Advisory Inc. Purchases Shares of 1,937 Crown Holdings, Inc. (NYSE:CCK)

Carson Advisory Inc. acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCKGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,937 shares of the industrial products company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently modified their holdings of CCK. First Horizon Advisors Inc. bought a new position in shares of Crown in the third quarter worth approximately $29,000. Koshinski Asset Management Inc. bought a new stake in shares of Crown in the 4th quarter valued at about $66,000. O Shaughnessy Asset Management LLC raised its position in shares of Crown by 33.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,113 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 277 shares during the last quarter. SG Americas Securities LLC purchased a new position in Crown during the 3rd quarter worth approximately $115,000. Finally, Bessemer Group Inc. increased its holdings in shares of Crown by 356.3% during the 4th quarter. Bessemer Group Inc. now owns 1,460 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 1,140 shares in the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

CCK traded down $1.08 during trading on Friday, reaching $110.04. The company’s stock had a trading volume of 2,115,294 shares, compared to its average volume of 1,299,326. Crown Holdings, Inc. has a 1 year low of $95.27 and a 1 year high of $130.42. The company has a quick ratio of 0.67, a current ratio of 1.09 and a debt-to-equity ratio of 2.60. The firm has a fifty day simple moving average of $121.94 and a two-hundred day simple moving average of $113.80. The company has a market cap of $13.60 billion, a price-to-earnings ratio of -24.62, a PEG ratio of 2.65 and a beta of 1.09.

Crown (NYSE:CCKGet Rating) last issued its earnings results on Monday, April 25th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.19. Crown had a negative net margin of 4.63% and a positive return on equity of 38.16%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, equities analysts forecast that Crown Holdings, Inc. will post 8.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, May 11th. Crown’s dividend payout ratio (DPR) is currently -19.69%.

In other news, Director John W. Conway sold 336 shares of the business’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $123.54, for a total transaction of $41,509.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hock Huat Goh sold 5,623 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $124.92, for a total value of $702,425.16. The disclosure for this sale can be found here. Insiders sold 13,706 shares of company stock valued at $1,684,110 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

A number of brokerages recently issued reports on CCK. BMO Capital Markets raised Crown from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $140.00 in a report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Crown from $136.00 to $142.00 in a research report on Friday, February 11th. TheStreet downgraded Crown from a “b+” rating to a “c+” rating in a research note on Friday, February 11th. Wells Fargo & Company lifted their price target on shares of Crown from $132.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 13th. Finally, Morgan Stanley boosted their price objective on Crown from $129.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 20th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $142.83.

About Crown (Get Rating)

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries.

See Also

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCKGet Rating).

Institutional Ownership by Quarter for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.