Crown Holdings, Inc. (NYSE:CCK) Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,444 shares of the industrial products company's stock after selling 6,430 shares during the quarter. AGF Management Ltd.'s holdings in Crown were worth $2,352,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCK. Daiwa Securities Group Inc. lifted its stake in Crown by 2.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company's stock worth $775,000 after purchasing an additional 200 shares in the last quarter. AlphaQuest LLC lifted its position in Crown by 257.3% during the fourth quarter. AlphaQuest LLC now owns 34,277 shares of the industrial products company's stock worth $2,834,000 after buying an additional 24,684 shares in the last quarter. OFI Invest Asset Management acquired a new position in Crown during the fourth quarter worth $1,219,000. Amundi increased its stake in shares of Crown by 67.2% in the 4th quarter. Amundi now owns 818,361 shares of the industrial products company's stock worth $65,637,000 after acquiring an additional 328,825 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in shares of Crown in the 4th quarter worth $499,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Stock Performance

NYSE:CCK traded up $0.16 during midday trading on Wednesday, reaching $90.58. The stock had a trading volume of 854,116 shares, compared to its average volume of 1,129,924. The stock has a market cap of $10.65 billion, a P/E ratio of 25.44, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The firm has a fifty day simple moving average of $87.31 and a two-hundred day simple moving average of $89.54.

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Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. This is a boost from Crown's previous quarterly dividend of $0.25. Crown's payout ratio is presently 29.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Bank of America cut their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. Barclays decreased their price objective on Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Citigroup raised their target price on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Crown presently has an average rating of "Moderate Buy" and a consensus price target of $106.00.

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.