Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 12.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 193,000 shares of the industrial products company’s stock after selling 28,000 shares during the period. Crown makes up approximately 1.7% of Nicola Wealth Management LTD.’s holdings, making the stock its 23rd largest holding. Nicola Wealth Management LTD.’s holdings in Crown were worth $15,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCK. Pacer Advisors Inc. lifted its position in Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after acquiring an additional 3,074,791 shares in the last quarter. Metropolis Capital Ltd lifted its position in Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock worth $203,116,000 after acquiring an additional 1,000,605 shares in the last quarter. Jennison Associates LLC lifted its position in Crown by 125.0% during the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after acquiring an additional 751,530 shares in the last quarter. FMR LLC lifted its position in Crown by 9.3% during the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after acquiring an additional 749,085 shares in the last quarter. Finally, Swedbank AB lifted its position in Crown by 379.3% during the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock worth $56,870,000 after acquiring an additional 544,246 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCK shares. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. UBS Group dropped their price objective on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays dropped their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada lifted their price objective on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Crown Price Performance

Shares of NYSE CCK opened at $88.21 on Tuesday. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The business has a 50 day simple moving average of $85.65 and a 200-day simple moving average of $89.54.

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

Crown Increases Dividend

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

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.