Envestnet Asset Management Inc. Has $6.28 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Envestnet Asset Management Inc. lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 65.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,962 shares of the industrial products company's stock after selling 141,942 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Crown worth $6,281,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in shares of Crown by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock valued at $477,923,000 after purchasing an additional 102,789 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Crown by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after acquiring an additional 283,014 shares during the period. Metropolis Capital Ltd boosted its position in shares of Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after acquiring an additional 1,000,605 shares in the last quarter. Finally, Norges Bank bought a new stake in Crown in the fourth quarter valued at about $113,568,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCK shares. Wells Fargo & Company lifted their price objective on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Mizuho reduced their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada increased their target price on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Crown has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Crown Trading Down 0.0 %

Shares of CCK stock traded down $0.01 on Friday, reaching $89.49. 1,203,331 shares of the stock were exchanged, compared to its average volume of 1,195,473. The stock has a 50 day moving average price of $87.19 and a 200 day moving average price of $88.25. The stock has a market cap of $10.47 billion, a PE ratio of 25.14, a P/E/G ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.16%. Crown's payout ratio is presently 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.