Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 86.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,458 shares of the industrial products company's stock after selling 95,968 shares during the period. Bank of Montreal Can's holdings in Crown were worth $1,278,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Crown by 20.0% in the 4th 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 during the last quarter. Venturi Wealth Management LLC increased its stake in Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Crown by 325.1% in the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CCK shares. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $109.00 to $105.00 in a report on Monday, January 13th. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada raised their target price on Crown from $113.00 to $115.00 and gave the company an "outperform" 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. Finally, Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average target price of $105.42.

Crown Price Performance

Shares of NYSE CCK traded down $0.56 during trading on Wednesday, reaching $86.49. The company had a trading volume of 843,260 shares, compared to its average volume of 1,196,672. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $10.12 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The stock has a 50-day moving average price of $87.19 and a two-hundred day moving average price of $88.29.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.26 per share. This is a boost from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. This represents a $1.04 annualized dividend and a dividend yield of 1.20%. Crown's dividend payout ratio (DPR) is 29.21%.

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.