4,241 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,241 shares of the industrial products company’s stock, valued at approximately $351,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after buying an additional 256 shares during the last quarter. Brooklyn Investment Group bought a new stake in Crown during the third quarter valued at about $44,000. GAMMA Investing LLC grew its position in shares of Crown by 84.2% in the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 261 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Crown by 6,850.0% in the third quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 685 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 worth $57,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CCK shares. UBS Group lowered their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Mizuho reduced their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada increased their target price on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Crown Stock Performance

NYSE:CCK opened at $89.18 on Thursday. The firm has a market capitalization of $10.48 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The firm has a 50-day moving average price of $88.08 and a 200 day moving average price of $89.47.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, March 18th. This is an increase from Crown’s previous quarterly dividend of $0.25. Crown’s payout ratio is currently 29.21%.

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.