Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052,285 shares of the industrial products company's stock after selling 9,584 shares during the quarter. Geode Capital Management LLC owned approximately 1.72% of Crown worth $169,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in Crown by 159.6% in the 3rd quarter. Captrust Financial Advisors now owns 8,947 shares of the industrial products company's stock valued at $858,000 after purchasing an additional 5,500 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Crown in the third quarter worth about $548,000. HighTower Advisors LLC lifted its stake in shares of Crown by 18.2% in the third quarter. HighTower Advisors LLC now owns 10,432 shares of the industrial products company's stock worth $1,007,000 after buying an additional 1,609 shares in the last quarter. Quantinno Capital Management LP boosted its position in Crown by 128.2% during the third quarter. Quantinno Capital Management LP now owns 26,999 shares of the industrial products company's stock worth $2,589,000 after acquiring an additional 15,170 shares during the last quarter. Finally, State Street Corp grew its stake in Crown by 1.8% during the 3rd quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock valued at $383,559,000 after acquiring an additional 69,260 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

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Crown Trading Up 2.1 %

Shares of NYSE:CCK traded up $1.72 during mid-day trading on Friday, reaching $83.75. 846,487 shares of the company were exchanged, compared to its average volume of 1,199,842. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.56 and a beta of 0.79. 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 Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The firm's 50-day simple moving average is $87.56 and its 200 day simple moving average is $88.83.

Crown (NYSE:CCK - Get Free Report) last released 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 return on equity of 25.12% and a net margin of 3.59%. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, March 18th. This is a boost from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CCK shares. Citigroup boosted their target price on Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial upped their target price on Crown from $103.00 to $104.00 and gave the company a "hold" rating in a report on Monday, January 6th. Mizuho cut their target price 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 price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada raised their price objective 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.00.

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.