Mitsubishi UFJ Trust & Banking Corp Grows Stock Position in Crown Holdings, Inc. $CCK

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 29.7% in the second quarter, Holdings Channel reports. The institutional investor owned 305,279 shares of the industrial products company’s stock after acquiring an additional 69,834 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Crown were worth $31,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Crown by 181.1% during the 1st 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 period. Nisa Investment Advisors LLC increased 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 position in shares of Crown by 21.7% in the first quarter. Cerity Partners LLC now owns 26,821 shares of the industrial products company’s stock worth $2,394,000 after buying an additional 4,790 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Crown by 4.7% during 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 acquiring an additional 2,500 shares in the last quarter. Finally, CWM LLC raised its stake in Crown by 19.5% during the first quarter. CWM LLC now owns 15,297 shares of the industrial products company’s stock valued at $1,365,000 after purchasing an additional 2,495 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Up 2.2%

Shares of CCK opened at $100.87 on Friday. The firm has a fifty day moving average price of $95.76 and a 200-day moving average price of $99.06. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $11.64 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.30 and a beta of 0.78. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48.

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

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 6th. Crown’s payout ratio is currently 12.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CCK shares. Robert W. Baird raised their price objective on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Baird R W lowered shares of Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, UBS Group restated a “buy” rating and issued a $117.00 target price on shares of Crown in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Insider Activity

In related news, CEO Timothy J. Donahue sold 13,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the transaction, the chief executive officer owned 449,056 shares of the company’s stock, valued at $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

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.