California Public Employees Retirement System Has $23.75 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

California Public Employees Retirement System raised its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,189 shares of the industrial products company's stock after purchasing an additional 63,239 shares during the quarter. California Public Employees Retirement System owned 0.24% of Crown worth $23,748,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CCK. Pacer Advisors Inc. boosted its stake in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares during the period. Norges Bank bought a new stake in shares of Crown during the 4th quarter worth about $113,568,000. Metropolis Capital Ltd lifted its holdings in Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after purchasing an additional 1,000,605 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Crown during the fourth quarter valued at approximately $66,732,000. Finally, Swedbank AB raised its position in shares of Crown by 379.3% in the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company's stock valued at $56,870,000 after purchasing an additional 544,246 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Trading Up 0.1 %

CCK stock traded up $0.07 during midday trading on Tuesday, reaching $81.09. The company's stock had a trading volume of 348,639 shares, compared to its average volume of 1,385,742. The business's 50-day simple moving average is $88.27 and its 200-day simple moving average is $89.23. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The stock has a market cap of $9.48 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79.

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Crown (NYSE:CCK - Get Free Report) last posted 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 return on equity of 25.12% and a net margin of 3.59%. As a group, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown's dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCK. Truist Financial raised their target price on shares of Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. 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 note on Monday, February 10th. Royal Bank of Canada lifted their price objective on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Bank of America reduced their target price on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

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.