Barclays PLC Has $15.31 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Barclays PLC trimmed its position in Crown Holdings, Inc. (NYSE:CCK) by 76.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,686 shares of the industrial products company’s stock after selling 526,122 shares during the quarter. Barclays PLC’s holdings in Crown were worth $15,311,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of Crown by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 158 shares during the period. GAMMA Investing LLC boosted its holdings in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the period. Fifth Third Bancorp grew its position in shares of Crown by 36.1% during the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 176 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Crown by 2.0% during the third 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 during the period. Finally, CIBC Asset Management Inc raised its position in shares of Crown by 5.4% in the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock valued at $303,000 after buying an additional 209 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of Crown stock opened at $87.88 on Monday. The company’s 50 day moving average price is $92.45 and its two-hundred day moving average price is $87.51. The firm has a market capitalization of $10.51 billion, a P/E ratio of 108.49, a P/E/G ratio of 1.95 and a beta of 0.83. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

Crown (NYSE:CCK) last released its quarterly earnings data 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. Crown had a return on equity of 24.57% and a net margin of 0.83%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.07 billion. On average, equities analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. Crown’s payout ratio is 123.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCK. Royal Bank of Canada increased their price target on Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup raised their price target on Crown from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Mizuho set a $110.00 price target on Crown in a research note on Friday, October 18th. Loop Capital increased their price objective on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, October 26th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus price target of $106.62.

Insider Transactions at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the completion of the sale, the chief executive officer now owns 571,178 shares of the company’s stock, valued at approximately $53,119,554. This represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James H. Miller sold 1,006 shares of the business’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 transaction of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This trade represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,006 shares of company stock worth $2,478,049 over the last ninety days. 0.90% of the stock is owned by insiders.

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.