Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 173 Shares of Crown Holdings, Inc. (NYSE:CCK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,102 shares of the industrial products company’s stock after selling 173 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Crown were worth $2,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCK. Farther Finance Advisors LLC raised its stake in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares during the period. Brooklyn Investment Group acquired a new position in shares of Crown during the third quarter worth approximately $44,000. GAMMA Investing LLC lifted its holdings in shares of Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 261 shares in the last quarter. True Wealth Design LLC grew its position in Crown by 6,850.0% in the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 685 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of CCK stock opened at $88.49 on Tuesday. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The firm’s 50-day simple moving average is $88.02 and its two-hundred day simple moving average is $89.50. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

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 the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, equities analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.18%. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio (DPR) is 29.21%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. UBS Group cut their price target on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Finally, Royal Bank of Canada raised their price objective on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Company 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.