Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Pullen Investment Management LLC

Pullen Investment Management LLC grew its stake in Crown Holdings, Inc. (NYSE:CCK) by 96.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,230 shares of the industrial products company’s stock after acquiring an additional 5,521 shares during the period. Pullen Investment Management LLC’s holdings in Crown were worth $1,002,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CCK. Farther Finance Advisors LLC raised its position in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after buying an additional 117 shares in the last quarter. Colonial Trust Co SC raised its holdings in shares of Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock valued at $62,000 after buying an additional 352 shares during the period. Parallel Advisors LLC lifted its stake in Crown by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 205 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 269 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCK has been the subject of several research reports. Wall Street Zen downgraded Crown from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mizuho lifted their price objective on shares of Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Wells Fargo & Company increased their target price on shares of Crown from $89.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Barclays raised their price target on shares of Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Finally, UBS Group upped their price objective on Crown from $109.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.45.

Crown Stock Down 1.6%

Crown stock opened at $99.78 on Friday. The stock has a market cap of $11.61 billion, a PE ratio of 28.03, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The stock’s fifty day moving average is $94.11 and its two-hundred day moving average is $89.39. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $102.00.

Crown (NYSE:CCK) last issued its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. On average, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, May 15th. Crown’s payout ratio is 22.37%.

Insider Activity at Crown

In related news, VP Christy L. Kalaus sold 2,130 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the sale, the vice president now directly owns 4,500 shares of the company’s stock, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the sale, the chief operating officer now owns 135,014 shares of the company’s stock, valued at approximately $13,096,358. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.