Wealth Enhancement Advisory Services LLC Boosts Holdings in Crown Holdings, Inc. (NYSE:CCK)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,088 shares of the industrial products company’s stock after purchasing an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Crown were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCK. GAMMA Investing LLC boosted its position in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after purchasing an additional 183 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 185 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Crown by 6.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 223 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Crown by 5.5% in the third quarter. CIBC Asset Management Inc now owns 4,304 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 225 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Trading Up 0.7 %

Shares of NYSE CCK opened at $84.64 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $10.13 billion, a PE ratio of 104.49, a PEG ratio of 1.95 and a beta of 0.86. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46. The stock has a fifty day simple moving average of $87.06 and a 200-day simple moving average of $87.90.

Crown (NYSE:CCK) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.18. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. On average, equities analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 14th. Crown’s dividend payout ratio (DPR) is currently 123.46%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CCK shares. Barclays boosted their price objective on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a research report on Friday, January 10th. Bank of America cut their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Citigroup boosted their target price on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $109.00 to $105.00 in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.62.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the transaction, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gerard H. Gifford sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction 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 approximately $10,970,007.78. This represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

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.