Wellington Management Group LLP Has $68.73 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Wellington Management Group LLP decreased its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 716,815 shares of the industrial products company's stock after selling 39,084 shares during the period. Wellington Management Group LLP owned 0.60% of Crown worth $68,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Crown by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company's stock valued at $23,878,000 after purchasing an additional 10,295 shares during the last quarter. Sei Investments Co. boosted its stake in Crown by 139.2% in the second quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company's stock valued at $9,104,000 after acquiring an additional 71,227 shares during the last quarter. Jensen Investment Management Inc. grew its holdings in Crown by 7.8% during the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company's stock worth $9,676,000 after acquiring an additional 7,280 shares during the period. Victory Capital Management Inc. raised its position 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 acquiring an additional 412,973 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Crown by 62.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,142 shares of the industrial products company's stock valued at $1,722,000 after purchasing an additional 8,857 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the 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 owns 563,678 shares of the company's stock, valued at approximately $54,524,572.94. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James H. Miller sold 1,006 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,006 shares of company stock valued at $2,478,049. Corporate insiders own 0.90% of the company's stock.

Crown Stock Up 0.3 %

CCK stock traded up $0.26 during trading hours on Wednesday, reaching $87.98. 1,496,785 shares of the stock were exchanged, compared to its average volume of 1,137,010. The firm's 50-day moving average is $92.79 and its 200-day moving average is $87.40. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 108.30, a PEG ratio of 1.96 and a beta of 0.84. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.18. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. On average, equities research analysts expect that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, November 14th. Crown's payout ratio is 123.46%.

Analyst Upgrades and Downgrades

CCK has been the subject of a number of recent analyst reports. Mizuho set a $110.00 price objective on Crown in a report on Friday, October 18th. Loop Capital upped their price target on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their price objective on shares of Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.62.

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.