BNP Paribas Financial Markets Purchases 11,540 Shares of Crown Holdings, Inc. (NYSE:CCK)

BNP Paribas Financial Markets increased its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,691 shares of the industrial products company's stock after buying an additional 11,540 shares during the period. BNP Paribas Financial Markets' holdings in Crown were worth $4,285,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new position in Crown during the 3rd quarter worth $44,000. FMR LLC boosted its holdings in shares of Crown by 9.3% during the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock valued at $842,556,000 after acquiring an additional 749,085 shares during the period. Dai ichi Life Insurance Company Ltd bought a new position in shares of Crown during the third quarter worth about $568,000. Qsemble Capital Management LP increased its holdings in shares of Crown by 31.5% in the 3rd quarter. Qsemble Capital Management LP now owns 11,113 shares of the industrial products company's stock worth $1,066,000 after acquiring an additional 2,659 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Crown by 672.7% in the 3rd quarter. Bank of Montreal Can now owns 111,426 shares of the industrial products company's stock worth $10,557,000 after acquiring an additional 97,006 shares during the period. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

NYSE:CCK traded down $2.50 during trading hours on Thursday, reaching $89.56. 2,602,926 shares of the company's stock were exchanged, compared to its average volume of 1,128,598. The company has a market capitalization of $10.71 billion, a P/E ratio of 110.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The business's 50-day simple moving average is $93.23 and its two-hundred day simple moving average is $87.29. 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 issued its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.07 billion. Sell-side analysts expect that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, November 14th. Crown's dividend payout ratio is 123.46%.

Insiders Place Their Bets

In related news, 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 sale, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This trade represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the completion of the transaction, the chief executive officer now owns 571,178 shares in the company, valued at approximately $53,119,554. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,506 shares of company stock worth $3,157,399. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the subject of several recent analyst reports. Loop Capital upped their target price on shares of Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research report on Saturday, October 26th. Royal Bank of Canada raised their price target on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of Crown from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.62.

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.