Wellington Management Group LLP Has $59.58 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Wellington Management Group LLP increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,523 shares of the industrial products company's stock after buying an additional 3,708 shares during the quarter. Wellington Management Group LLP owned 0.60% of Crown worth $59,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 256 shares in the last quarter. GAMMA Investing LLC lifted 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Crown by 20.0% during the 4th 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 last quarter. Venturi Wealth Management LLC lifted its position in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock worth $68,000 after purchasing an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after purchasing an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

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Analyst Ratings Changes

CCK has been the subject of several recent research reports. UBS Group cut their price target on Crown from $113.00 to $108.00 and set a "buy" rating for the company in a report on Friday, January 10th. Citigroup upped their price target on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a report on Monday, January 6th. Bank of America cut their price target on Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. Mizuho cut their price target on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, Barclays cut their price target on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.00.

Crown Price Performance

NYSE CCK traded down $1.27 during trading hours on Thursday, reaching $82.13. 179,446 shares of the company's stock were exchanged, compared to its average volume of 1,195,484. The stock has a market cap of $9.61 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The firm has a fifty day moving average of $87.67 and a 200-day moving average of $88.92. 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 released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping 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%. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.27%. This is a positive change from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. Crown's dividend payout ratio (DPR) is presently 29.21%.

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.