Barclays PLC Has $15.31 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Barclays PLC reduced its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 76.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,686 shares of the industrial products company's stock after selling 526,122 shares during the period. Barclays PLC owned approximately 0.13% of Crown worth $15,311,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CCK. GAMMA Investing LLC increased its holdings in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 163 shares in the last quarter. Covestor Ltd boosted its position in shares of Crown by 156.5% in the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Crown in the third quarter valued at about $44,000. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 385 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in Crown during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Trading Down 1.5 %

Shares of NYSE CCK traded down $1.36 during mid-day trading on Monday, hitting $86.52. 872,415 shares of the company traded hands, compared to its average volume of 1,135,971. The business has a 50 day moving average of $92.34 and a two-hundred day moving average of $87.53. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 106.81, a PEG ratio of 1.95 and a beta of 0.83. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 14th. Crown's dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their target price on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Mizuho set a $110.00 price objective on Crown in a report on Friday, October 18th. Citigroup increased their target price on Crown from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research note on Saturday, October 26th. Finally, Wells Fargo & Company raised 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.62.

Insider Buying and Selling

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $93.00, for a total value of $697,500.00. Following the transaction, the chief executive officer now owns 571,178 shares in the company, valued at $53,119,554. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James H. Miller sold 1,006 shares of Crown stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the sale, the director now owns 12,424 shares of the company's stock, valued at approximately $1,187,734.40. This represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,006 shares of company stock worth $2,478,049. 0.90% of the stock is owned by company insiders.

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.