Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,061,869 shares of the industrial products company's stock after purchasing an additional 82,764 shares during the period. Geode Capital Management LLC owned 1.72% of Crown worth $197,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after acquiring an additional 749,085 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Crown by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company's stock valued at $544,301,000 after purchasing an additional 412,973 shares during the last quarter. State Street Corp raised its position in Crown by 1.8% in the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock worth $383,559,000 after purchasing an additional 69,260 shares during the period. Sessa Capital IM L.P. grew its stake in shares of Crown by 153.0% during the second quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock valued at $244,697,000 after buying an additional 1,989,374 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Crown by 31.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock valued at $147,032,000 after acquiring an additional 473,000 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Stock Down 1.5 %

NYSE:CCK traded down $1.36 during midday trading on Monday, reaching $86.52. 872,788 shares of the stock traded hands, compared to its average volume of 1,135,971. The stock has a market capitalization of $10.35 billion, a PE ratio of 108.49, a price-to-earnings-growth ratio of 1.95 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 company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The business has a 50-day moving average of $92.45 and a two-hundred day moving average of $87.51.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, beating 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 firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, equities analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCK. Morgan Stanley increased their target price on shares of Crown from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Robert W. Baird upped their target price on shares of Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Loop Capital raised their price target on shares of Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Wells Fargo & Company increased their target price on Crown from $97.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Finally, Citigroup upped their price target on Crown from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $106.62.

Insider Buying and Selling

In other news, COO Gerard H. Gifford sold 10,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the sale, the chief operating officer now owns 114,402 shares of the company's stock, valued at $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the sale, the chief executive officer now directly owns 563,678 shares in the company, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,006 shares of company stock valued at $2,478,049. Corporate insiders own 0.90% of the company's stock.

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.