D.A. Davidson & CO. Has $4.75 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

D.A. Davidson & CO. reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 6.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,567 shares of the industrial products company’s stock after selling 3,621 shares during the period. D.A. Davidson & CO.’s holdings in Crown were worth $4,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Crown by 9.3% during the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Crown during the third quarter worth $568,000. Qsemble Capital Management LP grew its stake in shares of Crown by 31.5% during the third quarter. Qsemble Capital Management LP now owns 11,113 shares of the industrial products company’s stock worth $1,066,000 after purchasing an additional 2,659 shares during the period. Bank of Montreal Can grew its stake in shares of Crown by 672.7% during the third quarter. Bank of Montreal Can now owns 111,426 shares of the industrial products company’s stock worth $10,557,000 after purchasing an additional 97,006 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Crown by 6.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 21,201 shares of the industrial products company’s stock worth $2,033,000 after purchasing an additional 1,353 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Shares of NYSE CCK opened at $93.02 on Friday. The business’s 50 day moving average price is $93.59 and its two-hundred day moving average price is $87.00. The company has a market cap of $11.13 billion, a PE ratio of 114.84, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $98.46.

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

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, November 14th. Crown’s payout ratio is 123.46%.

Analyst Ratings Changes

Several research firms have weighed in on CCK. Barclays lifted their target price on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Citigroup lifted their target price on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lifted 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. Wells Fargo & Company lifted their target price on Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Morgan Stanley lifted their target price on Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

Insider Activity

In other news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now owns 12,424 shares of the company’s stock, valued at approximately $1,187,734.40. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s 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 sale, the chief executive officer now owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,506 shares of company stock valued at $3,157,399. 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.