BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $4.75 Million Stake in Crown Holdings, Inc. (NYSE:CCK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,909 shares of the industrial products company’s stock after selling 3,890 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Crown were worth $4,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mutual of America Capital Management LLC grew its position in shares of Crown by 10.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 153,739 shares of the industrial products company’s stock worth $12,185,000 after buying an additional 14,362 shares during the period. Vanguard Group Inc. lifted its stake in Crown by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 11,825,703 shares of the industrial products company’s stock valued at $1,089,029,000 after acquiring an additional 173,460 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Crown by 245.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,808 shares of the industrial products company’s stock valued at $5,784,000 after acquiring an additional 44,630 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Crown by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,320,502 shares of the industrial products company’s stock valued at $121,614,000 after acquiring an additional 44,195 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Crown during the 4th quarter valued at $3,122,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 22,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the transaction, the chief executive officer now directly owns 616,178 shares of the company’s stock, valued at $52,486,042.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $85.00, for a total value of $637,500.00. Following the transaction, the chief executive officer now owns 608,678 shares of the company’s stock, valued at $51,737,630. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 22,500 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $85.18, for a total value of $1,916,550.00. Following the completion of the transaction, the chief executive officer now directly owns 616,178 shares in the company, valued at approximately $52,486,042.04. The disclosure for this sale can be found here. Insiders have sold a total of 39,000 shares of company stock valued at $3,300,420 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Crown Stock Down 1.4 %

CCK stock traded down $1.09 during midday trading on Friday, hitting $76.75. The stock had a trading volume of 41,783 shares, compared to its average volume of 1,106,904. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. The business has a 50-day moving average of $79.43 and a two-hundred day moving average of $80.63. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $96.35. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.19 and a quick ratio of 0.77.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Crown had a return on equity of 23.95% and a net margin of 3.51%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 5.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, June 13th. Crown’s dividend payout ratio (DPR) is 28.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group decreased their target price on Crown from $112.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital raised their target price on Crown from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on Crown from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Citigroup decreased their price objective on Crown from $102.00 to $94.00 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, Wells Fargo & Company lifted their target price on Crown from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

About Crown

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.