FIL Ltd Decreases Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

FIL Ltd reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 702,403 shares of the industrial products company's stock after selling 49,134 shares during the quarter. FIL Ltd owned 0.59% of Crown worth $58,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 256 shares in the last quarter. GAMMA Investing LLC increased its stake in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after buying an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 valued at $57,000 after acquiring an additional 117 shares in the last quarter. Venturi Wealth Management LLC grew 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 worth $68,000 after purchasing an additional 269 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 647 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Mizuho dropped their price target on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Crown has an average rating of "Moderate Buy" and a consensus target price of $106.00.

Crown Trading Down 0.9 %

Crown stock traded down $0.77 during mid-day trading on Tuesday, hitting $85.27. The company's stock had a trading volume of 392,968 shares, compared to its average volume of 1,195,558. 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 50 day moving average of $87.55 and a 200-day moving average of $88.65. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The stock has a market cap of $9.97 billion, a PE ratio of 23.95, 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 results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current 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 an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.22%. Crown's dividend payout ratio (DPR) 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.