CWA Asset Management Group LLC Invests $1.05 Million in Crown Holdings, Inc. (NYSE:CCK)

CWA Asset Management Group LLC acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,706 shares of the industrial products company's stock, valued at approximately $1,051,000.

Other institutional investors also recently bought and sold shares of the company. Sessa Capital IM L.P. increased its stake in Crown by 153.0% in the 2nd 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 period. Metropolis Capital Ltd lifted its position in Crown by 269.7% in the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company's stock valued at $139,578,000 after purchasing an additional 1,062,001 shares during the period. Jennison Associates LLC boosted its holdings in Crown by 125.0% in the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company's stock valued at $129,698,000 after purchasing an additional 751,530 shares in the last quarter. FMR LLC increased its position in Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after purchasing an additional 749,085 shares during the period. Finally, 1832 Asset Management L.P. increased its position in Crown by 31.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock worth $147,032,000 after purchasing an additional 473,000 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business's stock in a transaction that occurred on 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 approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCK. Robert W. Baird lifted their price target on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price target on shares of Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Loop Capital raised their price objective on shares of Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Bank of America decreased their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their price target on shares of Crown from $105.00 to $88.00 and set an "equal weight" rating for the company in a research report on Monday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $104.62.

Crown Price Performance

Shares of CCK traded down $0.40 during trading hours on Wednesday, reaching $79.94. 1,376,026 shares of the company traded hands, compared to its average volume of 1,017,025. The stock has a fifty day simple moving average of $88.54 and a 200 day simple moving average of $87.79. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The stock has a market capitalization of $9.56 billion, a PE ratio of 98.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 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 net margin of 0.83% and a return on equity of 24.57%. As a group, research analysts predict that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed 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 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. Crown's dividend payout ratio (DPR) is 123.46%.

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.