Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford Sells 10,000 Shares

Crown Holdings, Inc. (NYSE:CCK) COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the completion of the sale, the chief operating officer now directly owns 114,402 shares in the company, valued at $10,970,007.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Crown Stock Down 1.6 %

Shares of CCK opened at $93.68 on Friday. The company’s 50-day moving average price is $92.52 and its 200 day moving average price is $84.99. Crown Holdings, Inc. has a 12-month low of $69.61 and a 12-month high of $98.46. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 2.00. The firm has a market cap of $11.31 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s dividend payout ratio (DPR) is 28.82%.

Hedge Funds Weigh In On Crown

Several large investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its stake in Crown by 10.3% during the first quarter. Mutual of America Capital Management LLC now owns 153,739 shares of the industrial products company’s stock worth $12,185,000 after purchasing an additional 14,362 shares in the last quarter. Empowered Funds LLC purchased a new position in Crown during the 1st quarter valued at about $6,854,000. Russell Investments Group Ltd. grew its position in Crown by 21.0% in the 1st quarter. Russell Investments Group Ltd. now owns 341,216 shares of the industrial products company’s stock valued at $27,045,000 after acquiring an additional 59,267 shares in the last quarter. Entropy Technologies LP increased its stake in Crown by 1,127.4% during the first quarter. Entropy Technologies LP now owns 27,456 shares of the industrial products company’s stock worth $2,176,000 after purchasing an additional 25,219 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Crown by 16.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 103,013 shares of the industrial products company’s stock worth $8,163,000 after purchasing an additional 14,501 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Loop Capital upped their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. UBS Group decreased their target price on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Mizuho set a $110.00 price target on Crown in a research report on Friday, October 18th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial upped their target price on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.62.

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.