Wealth Enhancement Advisory Services LLC Grows Stake in Crown Holdings, Inc. (NYSE:CCK)

Wealth Enhancement Advisory Services LLC boosted its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 177.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,832 shares of the industrial products company's stock after acquiring an additional 12,676 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Crown were worth $1,901,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in Crown by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock valued at $205,000 after buying an additional 158 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock worth $30,000 after purchasing an additional 163 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Crown by 36.1% during the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock worth $49,000 after purchasing an additional 176 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Crown by 5.4% during the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company's stock worth $303,000 after purchasing an additional 209 shares during the period. Finally, OFI Invest Asset Management lifted its holdings in shares of Crown by 2.2% during the second quarter. OFI Invest Asset Management now owns 11,267 shares of the industrial products company's stock worth $782,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at $52,416,653.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the sale, the chief executive officer now directly owns 578,678 shares of the company's stock, valued at $52,416,653.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the sale, the chief operating officer now directly owns 114,402 shares of the company's stock, valued at approximately $10,970,007.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,506 shares of company stock valued at $3,075,799. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Mizuho set a $110.00 price target on shares of Crown in a report on Friday, October 18th. Citigroup lifted their price target on shares of Crown from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of Crown from $105.00 to $113.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their target price on shares of Crown from $98.00 to $102.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.62.

Crown Stock Up 0.2 %

CCK traded up $0.21 during midday trading on Friday, hitting $93.76. The company had a trading volume of 793,525 shares, compared to its average volume of 1,202,686. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 115.75, a PEG ratio of 2.08 and a beta of 0.85. The stock's 50 day moving average price is $93.06 and its 200 day moving average price is $85.60.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 14th. Crown's dividend payout ratio (DPR) is currently 123.46%.

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.