Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in Crown Holdings, Inc. (NYSE:CCK) by 160.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 416 shares of the industrial products company’s stock after acquiring an additional 256 shares during the quarter. Farther Finance Advisors LLC’s holdings in Crown were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CCK. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Crown in the third quarter worth approximately $533,000. Charles Schwab Investment Management Inc. lifted its position in shares of Crown by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 803,735 shares of the industrial products company’s stock worth $77,062,000 after purchasing an additional 13,145 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Crown in the third quarter worth approximately $277,000. Citigroup Inc. increased its holdings in Crown by 11.0% in the third quarter. Citigroup Inc. now owns 73,654 shares of the industrial products company’s stock worth $7,062,000 after buying an additional 7,319 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Crown by 369.0% in the third quarter. Cerity Partners LLC now owns 39,610 shares of the industrial products company’s stock worth $3,798,000 after buying an additional 31,164 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Mizuho dropped their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Truist Financial increased their price objective on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, Barclays lowered their price target on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Trading Down 3.1 %

Shares of CCK stock opened at $87.39 on Monday. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The firm’s fifty day simple moving average is $87.90 and its 200 day simple moving average is $89.51. The firm has a market capitalization of $10.27 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s payout ratio is 29.21%.

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.