Crown Holdings, Inc. (NYSE:CCK) CEO Timothy J. Donahue Sells 7,500 Shares

Crown Holdings, Inc. (NYSE:CCK) CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares in the company, valued at approximately $54,524,572.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Crown Stock Performance

Shares of CCK opened at $94.04 on Thursday. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. The stock has a 50 day moving average price of $93.30 and a two-hundred day moving average price of $85.95. The firm has a market capitalization of $11.34 billion, a P/E ratio of 116.10, a P/E/G ratio of 2.08 and a beta of 0.85.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, November 14th. Crown’s payout ratio is currently 123.46%.

Analyst Ratings Changes

Several research firms recently commented on CCK. Loop Capital lifted their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup upped their target price on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Morgan Stanley increased their price objective on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Mizuho set a $110.00 price target on shares of Crown in a research report on Friday, October 18th. Finally, Bank of America lifted their target price on Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus target price of $106.62.

Hedge Funds Weigh In On Crown

A number of hedge funds have recently bought and sold shares of the company. Chesapeake Capital Corp IL bought a new position in shares of Crown during the third quarter valued at about $1,110,000. Mutual of America Capital Management LLC lifted its position in shares of Crown by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 161,520 shares of the industrial products company’s stock worth $15,487,000 after buying an additional 2,225 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Crown by 10.4% in the third quarter. Natixis Advisors LLC now owns 171,080 shares of the industrial products company’s stock valued at $16,403,000 after acquiring an additional 16,050 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Crown by 5.5% during the third quarter. CIBC Asset Management Inc now owns 4,304 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 225 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of Crown during the third quarter valued at approximately $1,908,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

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.