Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,831 shares of the industrial products company’s stock after selling 21,278 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Crown were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after buying an additional 256 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after buying an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after buying an additional 117 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Crown by 48.6% during the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 269 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Crown by 325.1% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Up 0.3 %

CCK opened at $97.34 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The stock has a fifty day moving average of $88.65 and a 200-day moving average of $88.38. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $101.17. The company has a market capitalization of $11.39 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.45. Crown had a net margin of 3.59% and a return on equity of 25.12%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. Crown’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 15th. Crown’s dividend payout ratio (DPR) is 22.37%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CCK shares. Mizuho increased their price objective on shares of Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Royal Bank of Canada increased their target price on Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Crown from $89.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, Truist Financial cut their price objective on shares of Crown from $107.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $110.45.

Insider Activity

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the transaction, the chief operating officer now owns 135,014 shares of the company’s stock, valued at approximately $13,096,358. The trade was a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

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.