Swiss National Bank Sells 16,800 Shares of Crown Holdings, Inc. (NYSE:CCK)

Swiss National Bank decreased its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 340,800 shares of the industrial products company's stock after selling 16,800 shares during the quarter. Swiss National Bank owned about 0.28% of Crown worth $28,181,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares during the period. Brooklyn Investment Group bought a new stake in Crown in the 3rd quarter valued at about $44,000. GAMMA Investing LLC grew its position in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after purchasing an additional 261 shares in the last quarter. True Wealth Design LLC grew its position in shares of Crown by 6,850.0% during the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company's stock worth $67,000 after purchasing an additional 685 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after purchasing an additional 117 shares during the period. 90.93% of the stock is currently owned by institutional investors.

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Crown Price Performance

CCK traded down $2.77 on Friday, reaching $87.39. The stock had a trading volume of 5,027,471 shares, compared to its average volume of 1,140,842. The firm has a 50-day moving average of $87.73 and a 200-day moving average of $89.55. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, March 18th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Crown's previous quarterly dividend of $0.25. Crown's payout ratio is 29.21%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCK shares. Mizuho dropped their price objective on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Bank of America cut their price objective on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada raised their target price on shares of Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company increased their price target on shares of Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $106.00.

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.