Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Crown Holdings, Inc. $CCK

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,012 shares of the industrial products company’s stock after purchasing an additional 12,688 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Crown worth $10,608,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Crown by 181.1% during the first quarter. Envestnet Asset Management Inc. now owns 213,565 shares of the industrial products company’s stock worth $19,063,000 after acquiring an additional 137,603 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 115 shares during the last quarter. Cerity Partners LLC lifted its stake in Crown by 21.7% in the 1st quarter. Cerity Partners LLC now owns 26,821 shares of the industrial products company’s stock worth $2,394,000 after purchasing an additional 4,790 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Crown by 4.7% in the 1st quarter. New York State Common Retirement Fund now owns 56,203 shares of the industrial products company’s stock worth $5,017,000 after purchasing an additional 2,500 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Crown by 19.5% during the 1st quarter. CWM LLC now owns 15,297 shares of the industrial products company’s stock worth $1,365,000 after purchasing an additional 2,495 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the transaction, the chief executive officer directly owned 449,056 shares in the company, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $98.59 on Thursday. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The stock’s fifty day moving average is $95.59 and its two-hundred day moving average is $99.05. The company has a market capitalization of $11.37 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.30 and a beta of 0.78. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CCK shares. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Citigroup cut their target price on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Mizuho upped their price objective on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Crown 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.