Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 812,474 shares of the industrial products company's stock after buying an additional 8,739 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.68% of Crown worth $67,183,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CCK. Covestor Ltd raised its holdings in Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock worth $44,000 after purchasing an additional 277 shares during the last quarter. Brooklyn Investment Group acquired a new position in Crown during the third quarter worth $44,000. GAMMA Investing LLC raised its holdings in 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 last quarter. True Wealth Design LLC raised its holdings in Crown by 6,850.0% during the third quarter. True Wealth Design LLC now owns 695 shares of the industrial products company's stock worth $67,000 after purchasing an additional 685 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after purchasing an additional 117 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Shares of NYSE:CCK opened at $89.40 on Wednesday. The company has a market cap of $10.51 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.56 and a beta of 0.88. 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 business has a fifty day simple moving average of $86.37 and a 200-day simple moving average of $89.56.

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Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Equities research analysts forecast 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 will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Crown's previous quarterly dividend of $0.25. Crown's payout ratio is 29.21%.

Analyst Upgrades and Downgrades

CCK has been the subject of several research reports. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and reduced their price objective 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. Barclays dropped their price target on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Bank of America dropped their price target on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Citigroup raised their price target on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.00.

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.

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