Capital Advisors Ltd. LLC Decreases Holdings in Crown Holdings, Inc. (NYSE:CCK)

Capital Advisors Ltd. LLC cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,399 shares of the industrial products company’s stock after selling 609 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Crown were worth $129,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BluePath Capital Management LLC purchased a new position in shares of Crown during the third quarter worth approximately $25,000. Sound Income Strategies LLC bought a new position in shares of Crown in the fourth quarter worth approximately $26,000. TFC Financial Management Inc. grew its holdings in shares of Crown by 23,000.0% in the third quarter. TFC Financial Management Inc. now owns 924 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 920 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Crown by 46.0% in the third quarter. Fifth Third Bancorp now owns 1,009 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 318 shares during the last quarter. Finally, Picton Mahoney Asset Management grew its holdings in shares of Crown by 53.9% in the third quarter. Picton Mahoney Asset Management now owns 1,036 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 363 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCK. UBS Group began coverage on shares of Crown in a report on Tuesday, January 16th. They issued a “buy” rating and a $112.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Wednesday, February 7th. Royal Bank of Canada cut their target price on shares of Crown from $110.00 to $97.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Wolfe Research began coverage on shares of Crown in a research report on Friday, March 1st. They set an “outperform” rating and a $102.00 price objective on the stock. Finally, Morgan Stanley began coverage on shares of Crown in a research report on Monday, March 18th. They set an “equal weight” rating and a $87.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.21.

Crown Stock Down 0.2 %

Shares of NYSE:CCK traded down $0.12 during midday trading on Thursday, reaching $78.71. The company’s stock had a trading volume of 418,222 shares, compared to its average volume of 1,194,252. The firm has a 50 day moving average of $77.10 and a 200-day moving average of $82.65. The firm has a market capitalization of $9.51 billion, a P/E ratio of 20.97, a PEG ratio of 2.67 and a beta of 0.91. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $96.35.

Crown (NYSE:CCK) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.19). The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Crown had a return on equity of 25.75% and a net margin of 3.75%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. On average, research analysts anticipate that Crown Holdings, Inc. will post 5.9 earnings per share for the current year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.25 dividend. This is a boost from Crown’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. Crown’s payout ratio is presently 26.60%.

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.