Raymond James & Associates Acquires 16,074 Shares of Crown Holdings, Inc. (NYSE:CCK)

Raymond James & Associates increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 16.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,158 shares of the industrial products company's stock after buying an additional 16,074 shares during the quarter. Raymond James & Associates owned about 0.10% of Crown worth $11,041,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Crown by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock worth $205,000 after buying an additional 158 shares during the period. GAMMA Investing LLC raised its stake in 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 buying an additional 163 shares during the period. Fifth Third Bancorp raised its stake in Crown by 36.1% during 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. CIBC Asset Management Inc raised its stake in Crown by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company's stock worth $303,000 after buying an additional 209 shares during the period. Finally, OFI Invest Asset Management raised its stake in Crown by 2.2% during the 2nd quarter. OFI Invest Asset Management now owns 11,267 shares of the industrial products company's stock worth $782,000 after buying an additional 240 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of CCK stock traded down $0.34 during trading on Tuesday, hitting $94.74. The company's stock had a trading volume of 771,120 shares, compared to its average volume of 1,127,502. The business has a fifty day moving average of $92.64 and a 200-day moving average of $85.17. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The company has a market cap of $11.44 billion, a PE ratio of 27.14, a P/E/G ratio of 2.19 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Crown's payout ratio is currently 28.82%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup increased their price objective on Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Barclays increased their price objective on Crown from $100.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Royal Bank of Canada increased their price objective on Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price objective on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, UBS Group lowered their price objective on Crown from $112.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.62.

Insider Transactions at Crown

In related news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the sale, the chief operating officer now owns 114,402 shares in the company, valued at approximately $10,970,007.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the transaction, the chief operating officer now owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $93.00, for a total value of $697,500.00. Following the completion of the transaction, the chief executive officer now owns 571,178 shares in the company, valued at approximately $53,119,554. This represents 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 $3,075,799 over the last three months. Company insiders own 0.90% of the company's stock.

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.