Fmr LLC Sells 13,784 Shares of Crown Holdings, Inc. (NYSE:CCK)

FMR LLC reduced its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,773,822 shares of the industrial products company's stock after selling 13,784 shares during the quarter. FMR LLC owned approximately 7.33% of Crown worth $725,507,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after buying an additional 256 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after acquiring an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 117 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Crown by 48.6% during the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Crown by 325.1% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after purchasing an additional 647 shares during the period. 90.93% of the stock is currently owned by institutional investors.

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Crown Stock Performance

Shares of NYSE CCK traded up $1.68 during trading on Monday, reaching $85.52. 193,314 shares of the company traded hands, compared to its average volume of 1,196,308. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The firm has a 50 day simple moving average of $87.53 and a 200-day simple moving average of $88.71. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The stock has a market capitalization of $10.00 billion, a PE ratio of 24.02, a P/E/G ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK - Get Free Report) last posted 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 anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.22%. This is a positive change from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown's payout ratio is 29.21%.

Analyst Ratings Changes

Several research analysts recently issued reports on CCK shares. Bank of America decreased their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Truist Financial upped their price target on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, Mizuho cut their target price on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Crown currently has an average 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.