Bank of Montreal Can Has $10.56 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Bank of Montreal Can raised its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 672.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,426 shares of the industrial products company's stock after buying an additional 97,006 shares during the period. Bank of Montreal Can owned approximately 0.09% of Crown worth $10,557,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after buying an additional 163 shares in the last quarter. Covestor Ltd raised its stake in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 277 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Crown during the 3rd quarter valued at $48,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Crown during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. raised its stake in Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 385 shares during the period. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of NYSE CCK traded down $0.15 during mid-day trading on Monday, hitting $91.94. 191,635 shares of the stock were exchanged, compared to its average volume of 1,121,073. The company has a market cap of $11.00 billion, a P/E ratio of 113.30, a PEG ratio of 2.04 and a beta of 0.85. The stock's fifty day simple moving average is $93.53 and its two-hundred day simple moving average is $87.13. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. As a group, analysts forecast that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Crown's dividend payout ratio (DPR) is currently 123.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCK shares. Mizuho set a $110.00 price target on shares of Crown in a report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Crown from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a report on Saturday, October 26th. Truist Financial upped their price objective on shares of Crown from $95.00 to $103.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.62.

Insider Activity

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were 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 approximately $52,416,653.24. This trade represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Miller sold 1,006 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the transaction, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock valued at $3,157,399 over the last three months. 0.90% of the stock is owned by insiders.

Crown Company 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.