Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,349 shares of the industrial products company’s stock after purchasing an additional 194 shares during the period. Metis Global Partners LLC’s holdings in Crown were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. US Bancorp DE increased its position in Crown by 41.5% during the fourth quarter. US Bancorp DE now owns 3,039 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 891 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Crown in the fourth quarter worth $323,000. Versor Investments LP acquired a new stake in shares of Crown in the fourth quarter worth $1,560,000. Proficio Capital Partners LLC acquired a new stake in shares of Crown in the fourth quarter worth $1,884,000. Finally, New York Life Investment Management LLC acquired a new stake in shares of Crown in the fourth quarter worth $1,138,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 2.7 %

NYSE CCK opened at $88.34 on Thursday. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company’s fifty day moving average price is $85.79 and its two-hundred day moving average price is $89.53.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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, research analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. This is an increase from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s dividend payout ratio is 29.21%.

Analyst Ratings Changes

CCK has been the subject of several recent research reports. Morgan Stanley raised shares of 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 research report on Monday, January 13th. Wells Fargo & Company increased their price objective on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Citigroup increased their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Truist Financial raised their price target on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.00.

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.