585 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 585 shares of the industrial products company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCK. BNP Paribas Financial Markets grew its stake in shares of Crown by 35.3% in the 1st quarter. BNP Paribas Financial Markets now owns 56,933 shares of the industrial products company’s stock worth $4,513,000 after buying an additional 14,843 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Crown by 8.5% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,316 shares of the industrial products company’s stock worth $263,000 after buying an additional 259 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Crown by 6.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,972 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 500 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Crown by 99.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,061 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 2,527 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Crown during the 1st quarter valued at $463,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $93.90 on Wednesday. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 115.92, a PEG ratio of 2.08 and a beta of 0.85. The firm’s fifty day moving average is $93.20 and its two-hundred day moving average is $85.89.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given 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 1.07%. Crown’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Upgrades and Downgrades

CCK has been the topic of several recent analyst reports. UBS Group cut their target price on Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays increased their target price on Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their target price on Crown from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Truist Financial increased their target price on Crown from $95.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, Citigroup raised their price target on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Crown presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.62.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were 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 owns 114,402 shares in the company, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Crown news, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were 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 owns 114,402 shares in the company, valued at approximately $10,970,007.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,006 shares of company stock worth $2,431,924 in the last 90 days. Insiders own 0.90% of the company’s stock.

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.