Community Trust & Investment Co. Boosts Holdings in Crown Holdings, Inc. (NYSE:CCK)

Community Trust & Investment Co. increased its position in Crown Holdings, Inc. (NYSE:CCK) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,550 shares of the industrial products company’s stock after purchasing an additional 2,405 shares during the period. Community Trust & Investment Co. owned approximately 0.08% of Crown worth $8,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CCK. Acadian Asset Management LLC purchased a new stake in shares of Crown during the second quarter valued at approximately $203,000. Daiwa Securities Group Inc. boosted its stake in Crown by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,372 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 400 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Crown by 99.2% in the 2nd quarter. American Century Companies Inc. now owns 102,828 shares of the industrial products company’s stock worth $7,649,000 after purchasing an additional 51,199 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Crown by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company’s stock worth $109,504,000 after purchasing an additional 79,502 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Crown by 3.6% during the second quarter. Mutual of America Capital Management LLC now owns 159,295 shares of the industrial products company’s stock valued at $11,850,000 after purchasing an additional 5,556 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Activity at Crown

In related news, 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 transaction of $725,475.00. Following the completion of the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the sale, the chief operating officer now owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Crown Trading Up 1.6 %

Crown stock opened at $84.06 on Wednesday. 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 firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 103.78, a P/E/G ratio of 1.95 and a beta of 0.86. The firm has a 50 day moving average of $87.25 and a 200 day moving average of $87.93.

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

Crown Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 14th. Crown’s dividend payout ratio is currently 123.46%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCK. UBS Group decreased their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Bank of America lowered their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays lifted their target price on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Robert W. Baird raised their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Citigroup lifted their price objective on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.62.

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.