Crown Holdings, Inc. (NYSE:CCK) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,739 shares of the industrial products company’s stock after selling 200 shares during the period. John G Ullman & Associates Inc.’s holdings in Crown were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Crown during the first quarter worth $41,000. Covestor Ltd increased its position in shares of Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 277 shares during the period. Blue Trust Inc. lifted its position in Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 385 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in Crown during the 3rd quarter valued at about $48,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CCK shares. Bank of America upped their target price on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Mizuho set a $110.00 target price on Crown in a report on Friday, October 18th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, October 26th. Finally, Morgan Stanley raised their price objective on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.62.

Crown Stock Performance

NYSE CCK opened at $90.28 on Thursday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The firm has a market capitalization of $10.80 billion, a P/E ratio of 111.46, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. The stock’s fifty day moving average is $93.55 and its two-hundred day moving average is $86.70. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

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

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s dividend payout ratio is presently 123.46%.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the transaction, the chief executive officer now owns 578,678 shares of the company’s stock, valued at approximately $52,416,653.24. This trade represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the sale, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,506 shares of company stock worth $3,157,399. Company insiders own 0.90% of the company’s stock.

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.