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 Crown stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at $54,524,572.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Crown Price Performance

NYSE:CCK traded down $0.64 on Wednesday, reaching $93.26. The stock had a trading volume of 376,499 shares, compared to its average volume of 1,116,780. The company has a market capitalization of $11.25 billion, a P/E ratio of 115.92, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. Crown Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $98.46. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The stock has a fifty day moving average price of $93.20 and a 200-day moving average price of $85.89.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Crown’s dividend payout ratio (DPR) is currently 123.46%.

Institutional Trading of Crown

Several hedge funds have recently modified their holdings of CCK. GAMMA Investing LLC lifted its holdings in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after buying an additional 163 shares during the period. EntryPoint Capital LLC bought a new position in Crown in the first quarter valued at $41,000. Covestor Ltd grew its position in Crown by 156.5% in the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 277 shares in the last quarter. Blue Trust Inc. grew its position in Crown by 172.6% in the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 385 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Crown in the third quarter valued at $48,000. 90.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CCK has been the subject of several analyst reports. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. 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 report on Monday, October 21st. Bank of America lifted their target price on shares of Crown from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Truist Financial lifted their target price on shares of Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird boosted their price objective on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.62.

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.