Great West Life Assurance Co. Can trimmed its position in Crown Holdings, Inc. (NYSE: CCK – Get an estimate) by 4.4% in the third quarter, according to the company’s most recent information released to the Securities and Exchange Commission. The institutional investor owned 67,100 shares of the industrial products company’s stock after selling 3,091 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Crown worth $5,431,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of CCK. Fairfield Bush & CO acquired a new stake in Crown in the first quarter valued at approximately $143,000. US Bancorp DE boosted its holdings in Crown by 9.6% in the first quarter. US Bancorp DE now owns 3,506 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 308 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in Crown by 30.3% in the first quarter. Cetera Advisor Networks LLC now owns 2,866 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 666 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Crown in the first quarter worth $392,000. Finally, Yousif Capital Management LLC boosted its holdings in shares of Crown by 10.6% in the first quarter. Yousif Capital Management LLC now owns 3,276 shares of the industrial products company’s stock worth $410,000 after buying an additional 315 shares during the last quarter.
Analysts set new price targets
Several research firms have issued reports on CCK. JPMorgan Chase & Co. cut shares of Crown from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $115.00 to $71.00 in a report on Wednesday, October 26th. Wells Fargo & Company upped their target price on shares of Crown from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, January 9th. Royal Bank of Canada reduced their target price on shares of Crown from $110.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, October 28th. StockNews.com cut shares of Crown from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Credit Suisse Group cut their target price on shares of Crown from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Crown has a consensus rating of “Moderate Buy” and a consensus price target of $95.27, according to MarketBeat .
Krone stocks rose 2.2%
CCK opened at $87.40 on Friday. The company has a fifty day moving average of $82.47 and a two hundred day moving average of $86.28. Crown Holdings, Inc. a fifty-two week low of $66.00 and a fifty-two week high of $130.42. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of -32.13, a PEG ratio of 2.59 and a beta of 1.07. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.69, and a current ratio of 1.24.
Crown (NYSE: CCK – Get an estimate) last released its earnings results on Monday, October 24th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.30). Crown had a negative net margin of 2.80% and a positive return on equity of 39.93%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the company posted EPS of $2.03. The company’s quarterly turnover increased by 11.6% compared to the same quarter last year. Research analysts expect that Crown Holdings, Inc. earns an average of 6.66 earnings per share in the current year.
Declaration of krona dividends
The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 9th. This translates to a dividend of $0.88 on an annualized basis and a yield of 1.01%. The payout ratio of the krona is currently -32.35%.
Crown profile
Crown Holdings, Inc. engages in the design, manufacture and sale of consumer packaging products and equipment. The company offers aerosol cans, beverage, promotional and transit packaging, closures and caps, and food cans. It operates in the following segments: Americas, Europe, Asia Pacific and Transit Packages.
See also
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