US Bancorp DE Grows Stock Position in Crown Holdings, Inc. (NYSE:CCK)

US Bancorp DE increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 41.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,039 shares of the industrial products company’s stock after purchasing an additional 891 shares during the quarter. US Bancorp DE’s holdings in Crown were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after purchasing an additional 3,074,791 shares in the last quarter. Metropolis Capital Ltd raised its holdings in shares of Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Crown by 125.0% in the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock valued at $129,698,000 after buying an additional 751,530 shares during the last quarter. FMR LLC raised its holdings in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after buying an additional 749,085 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of Crown by 379.3% in the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock valued at $56,870,000 after buying an additional 544,246 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Trading Up 2.2 %

Shares of Crown stock opened at $89.01 on Friday. The firm has a market capitalization of $10.46 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company’s fifty day moving average price is $86.74 and its two-hundred day moving average price is $89.54. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46.

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

Crown Increases Dividend

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

Wall Street Analyst Weigh In

CCK has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective 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. Citigroup upped their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. UBS Group cut their price target on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Mizuho cut their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.00.

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.