Timothy J. Donahue Sells 7,500 Shares of Crown Holdings, Inc. (NYSE:CCK) Stock

Crown Holdings, Inc. (NYSE:CCK - Get Free Report) CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the transaction, the chief executive officer now owns 578,678 shares in the company, valued at approximately $52,416,653.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Crown Trading Up 1.1 %

CCK traded up $0.98 during trading on Friday, hitting $91.36. The company's stock had a trading volume of 1,351,009 shares, compared to its average volume of 1,152,463. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $93.79. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 2.00. The stock's fifty day moving average price is $83.69 and its 200-day moving average price is $80.98. The firm has a market capitalization of $11.03 billion, a P/E ratio of 26.33, a PEG ratio of 2.14 and a beta of 0.85.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company's revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Crown Holdings, Inc. will post 6.16 EPS for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. Crown's dividend payout ratio is 28.82%.

Institutional Investors Weigh In On Crown

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Crown during the second quarter valued at approximately $457,000. Maven Securities LTD bought a new stake in shares of Crown during the second quarter valued at approximately $744,000. Clearbridge Investments LLC increased its holdings in shares of Crown by 7.1% during the second quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company's stock valued at $124,808,000 after acquiring an additional 111,589 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Crown by 38.2% during the second quarter. Point72 Asset Management L.P. now owns 51,070 shares of the industrial products company's stock worth $3,799,000 after buying an additional 14,104 shares in the last quarter. Finally, Quarry LP grew its holdings in Crown by 339.0% during the second quarter. Quarry LP now owns 2,700 shares of the industrial products company's stock worth $201,000 after buying an additional 2,085 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCK shares. Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Barclays lifted their target price on Crown from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. UBS Group decreased their target price on Crown from $112.00 to $91.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Citigroup lifted their target price on Crown from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their target price on Crown from $85.00 to $88.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.14.

About Crown

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.