Gulf International Bank UK Ltd Trims Position in Crown Holdings, Inc. (NYSE:CCK)

Gulf International Bank UK Ltd lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 62.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,624 shares of the industrial products company's stock after selling 16,246 shares during the quarter. Gulf International Bank UK Ltd's holdings in Crown were worth $922,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after acquiring an additional 163 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Crown in the first quarter worth about $41,000. Blue Trust Inc. raised its position in shares of Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 385 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Crown during the 3rd quarter valued at approximately $48,000. Finally, Fifth Third Bancorp boosted its holdings in Crown by 36.1% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock worth $49,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the topic of several recent research reports. Bank of America increased their target price on Crown from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a report on Saturday, October 26th. Finally, Citigroup boosted their price objective on shares of Crown from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Three equities 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, Crown has an average rating of "Moderate Buy" and an average target price of $106.62.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Gerard H. Gifford sold 10,000 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares of the company's stock, valued at $10,970,007.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the company's 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 in the company, valued at $54,524,572.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,506 shares of company stock valued at $3,157,399 over the last quarter. 0.90% of the stock is owned by company insiders.

Crown Price Performance

Shares of CCK traded up $0.48 during midday trading on Friday, reaching $93.40. The stock had a trading volume of 750,539 shares, compared to its average volume of 1,191,240. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $98.46. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The company's 50-day moving average is $93.43 and its 200 day moving average is $86.10. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 115.31, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85.

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

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Crown's dividend payout ratio (DPR) is presently 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.