D.A. Davidson & CO. Has $4.75 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

D.A. Davidson & CO. cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 6.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,567 shares of the industrial products company’s stock after selling 3,621 shares during the period. D.A. Davidson & CO.’s holdings in Crown were worth $4,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CCK. Price T Rowe Associates Inc. MD raised its position in shares of Crown by 22.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 198,984 shares of the industrial products company’s stock worth $15,772,000 after purchasing an additional 36,895 shares during the period. Kennedy Capital Management LLC lifted its stake in Crown by 5.7% in the 1st quarter. Kennedy Capital Management LLC now owns 19,540 shares of the industrial products company’s stock worth $1,549,000 after acquiring an additional 1,050 shares in the last quarter. California State Teachers Retirement System lifted its stake in Crown by 1.6% in the 1st quarter. California State Teachers Retirement System now owns 185,940 shares of the industrial products company’s stock worth $14,738,000 after acquiring an additional 2,875 shares in the last quarter. Tidal Investments LLC lifted its stake in Crown by 89.6% in the 1st quarter. Tidal Investments LLC now owns 9,844 shares of the industrial products company’s stock worth $780,000 after acquiring an additional 4,653 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Crown in the 1st quarter worth about $11,186,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCK has been the subject of several research analyst reports. Mizuho set a $110.00 price objective on Crown in a research note on Friday, October 18th. Robert W. Baird increased their price objective on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays increased their price objective on Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Loop Capital increased their price objective on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company upped their target price on Crown from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $106.62.

Insider Buying and Selling

In related news, Director James H. Miller sold 1,006 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 12,424 shares of the company’s stock, valued at $1,187,734.40. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,506 shares of company stock worth $3,157,399 in the last 90 days. 0.90% of the stock is owned by company insiders.

Crown Price Performance

Shares of CCK stock opened at $93.02 on Friday. The stock has a 50 day moving average of $93.59 and a two-hundred day moving average of $87.00. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The company has a market capitalization of $11.13 billion, a P/E ratio of 114.84, a P/E/G ratio of 2.05 and a beta of 0.85.

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

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. Crown’s dividend payout ratio (DPR) is presently 123.46%.

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.