American Century Companies Inc. Sells 15,003 Shares of Crown Holdings, Inc. (NYSE:CCK)

American Century Companies Inc. reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,413 shares of the industrial products company's stock after selling 15,003 shares during the period. American Century Companies Inc. owned about 0.08% of Crown worth $7,559,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares during the period. GAMMA Investing LLC lifted 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 valued at $47,000 after purchasing an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Crown by 20.0% in 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Crown in the third quarter worth $71,000. Finally, Venturi Wealth Management LLC raised its position in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares during the period. 90.93% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. UBS Group lowered their price target on Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Bank of America cut their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Crown from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Crown has an average rating of "Moderate Buy" and a consensus price target of $106.00.

Crown Price Performance

Shares of NYSE:CCK traded down $2.76 on Tuesday, reaching $78.27. The company's stock had a trading volume of 1,666,322 shares, compared to its average volume of 1,197,341. The company has a 50-day simple moving average of $87.86 and a 200 day simple moving average of $89.04. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The company has a market cap of $9.15 billion, a P/E ratio of 21.98, a PEG ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share 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, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.26 per share. This is a boost from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.33%. Crown's payout ratio is 29.21%.

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.