21,765 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,765 shares of the industrial products company’s stock, valued at approximately $2,087,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Crown by 35.3% in the first quarter. BNP Paribas Financial Markets now owns 56,933 shares of the industrial products company’s stock valued at $4,513,000 after purchasing an additional 14,843 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Crown in the 1st quarter valued at $500,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Crown by 8.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,316 shares of the industrial products company’s stock valued at $263,000 after buying an additional 259 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Crown by 6.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,972 shares of the industrial products company’s stock worth $632,000 after buying an additional 500 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Crown by 10.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 153,739 shares of the industrial products company’s stock worth $12,185,000 after buying an additional 14,362 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the sale, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Crown news, Director James H. Miller sold 1,006 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 12,424 shares in the company, valued at $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $85.85, for a total value of $643,875.00. Following the completion of the transaction, the chief executive officer now owns 586,178 shares of the company’s stock, valued at approximately $50,323,381.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,506 shares of company stock valued at $3,075,799 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird boosted their price target on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Barclays increased 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. Citigroup lifted their price target on shares of Crown from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Crown from $97.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.62.

Crown Stock Up 0.2 %

Shares of Crown stock opened at $93.76 on Monday. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a market capitalization of $11.31 billion, a PE ratio of 115.75, a P/E/G ratio of 2.08 and a beta of 0.85. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50-day moving average of $93.06 and a 200-day moving average of $85.66.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.07%. Crown’s dividend payout ratio is presently 123.46%.

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.