Vanguard Group Inc. Has $1.20 Billion Stock Position in Crown Holdings, Inc. $CCK

Vanguard Group Inc. cut its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,686,827 shares of the industrial products company’s stock after selling 151,938 shares during the quarter. Vanguard Group Inc. owned 10.04% of Crown worth $1,203,509,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CCK. Geneos Wealth Management Inc. raised its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. National Pension Service increased its stake in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company’s stock valued at $40,000 after buying an additional 189 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Crown during the 2nd quarter valued at $46,000. Cullen Frost Bankers Inc. raised its holdings in shares of Crown by 3,569.2% during the second quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 464 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in Crown by 39.4% in the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Up 1.5%

Shares of NYSE:CCK opened at $97.26 on Friday. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The company has a market cap of $11.22 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.30 and a beta of 0.78. The stock’s 50-day moving average is $95.84 and its 200-day moving average is $99.09.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $1.99 EPS. The firm’s revenue for the quarter 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 predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio is presently 12.87%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citigroup reduced their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Royal Bank Of Canada upped their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Mizuho increased their price objective on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their target price on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.08.

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.