Amalgamated Bank Has $5.44 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Amalgamated Bank decreased its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,709 shares of the industrial products company's stock after selling 17,675 shares during the period. Amalgamated Bank's holdings in Crown were worth $5,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CCK. GAMMA Investing LLC boosted its stake in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after buying an additional 163 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Crown during the first quarter valued at $41,000. Blue Trust Inc. lifted its holdings in shares of Crown by 172.6% during the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 385 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Crown during the third quarter valued at $48,000. Finally, Fifth Third Bancorp raised its holdings in shares of Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock valued at $49,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a report on Saturday, October 26th. Morgan Stanley boosted their target price on Crown from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Crown from $97.00 to $105.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Truist Financial boosted their price objective on Crown from $95.00 to $103.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Finally, Barclays boosted their price objective on Crown from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.62.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the transaction, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at $52,416,653.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director James H. Miller sold 1,006 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now directly owns 12,424 shares of the company's stock, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the sale, the chief executive officer now directly owns 578,678 shares in the company, valued at approximately $52,416,653.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,506 shares of company stock worth $3,157,399. Company insiders own 0.90% of the company's stock.

Crown Stock Up 0.5 %

Shares of Crown stock traded up $0.47 on Friday, reaching $93.40. 750,539 shares of the company were exchanged, compared to its average volume of 1,118,302. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The company has a 50-day moving average of $93.37 and a 200 day moving average of $86.00. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 115.30, a PEG ratio of 2.06 and a beta of 0.85.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 14th. Crown's dividend payout ratio (DPR) is presently 123.46%.

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.