Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,872 shares of the industrial products company’s stock after purchasing an additional 8,937 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Crown were worth $3,351,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Norges Bank acquired a new position in Crown during the fourth quarter worth about $113,568,000. Metropolis Capital Ltd lifted 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 valued at $203,116,000 after purchasing an additional 1,000,605 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Crown in the fourth quarter valued at approximately $66,732,000. Finally, Swedbank AB increased its stake in shares of Crown by 379.3% during the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock worth $56,870,000 after purchasing an additional 544,246 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCK has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. UBS Group decreased their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Mizuho decreased their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup boosted their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research 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 company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Crown Trading Up 0.1 %

NYSE CCK opened at $90.29 on Thursday. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.56 and a beta of 0.88. 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 Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The company’s 50 day moving average price is $88.53 and its 200 day moving average price is $89.44.

Crown (NYSE:CCK) last posted its 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 net margin of 3.59% and a return on equity of 25.12%. On average, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.26 per share. This is an increase 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 of this dividend was Tuesday, March 18th. Crown’s dividend payout ratio (DPR) is presently 29.21%.

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.