Forsta AP Fonden Acquires 5,800 Shares of Crown Holdings, Inc. (NYSE:CCK)

Forsta AP Fonden increased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 29.3% during the third quarter, HoldingsChannel reports. The fund owned 25,600 shares of the industrial products company’s stock after acquiring an additional 5,800 shares during the quarter. Forsta AP Fonden’s holdings in Crown were worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the period. EntryPoint Capital LLC acquired a new position in Crown in the 1st quarter valued at approximately $41,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Crown in the 3rd quarter worth approximately $55,000. Blue Trust Inc. grew its holdings in shares of Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 385 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Crown by 36.1% during the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 176 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

Shares of NYSE:CCK opened at $95.68 on Thursday. The business has a fifty day moving average of $92.77 and a 200-day moving average of $85.29. The firm has a market cap of $11.55 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46.

Crown Announces Dividend

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 dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. Crown’s dividend payout ratio (DPR) is currently 28.82%.

Insider Buying and Selling

In other news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Crown news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,506 shares of company stock worth $3,075,799 in the last quarter. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

CCK has been the subject of several research reports. Loop Capital raised their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on shares of Crown from $105.00 to $109.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. UBS Group dropped their price target on shares of Crown from $112.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Bank of America lifted their price objective on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada increased their target price on Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and an average price target of $106.62.

Crown Company 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.