22,780 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,780 shares of the industrial products company's stock, valued at approximately $1,884,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCK. Brooklyn Investment Group purchased a new stake in shares of Crown in the 3rd quarter worth approximately $44,000. GAMMA Investing LLC grew its stake in shares of Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after buying an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after buying an additional 117 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Crown by 6,850.0% in the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company's stock worth $67,000 after buying an additional 685 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on CCK shares. Bank of America cut their target price on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price target on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Barclays lowered their price target on Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

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Crown Price Performance

Shares of Crown stock traded down $2.77 during trading on Friday, reaching $87.39. 5,027,471 shares of the stock traded hands, compared to its average volume of 1,139,892. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.56 and a beta of 0.88. The business has a fifty day simple moving average of $87.90 and a two-hundred day simple moving average of $89.52. 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 52-week low of $70.84 and a 52-week high of $98.46.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.19%. This is a positive change from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio (DPR) is currently 29.21%.

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.