Jones Financial Companies Lllp Has $70,000 Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Jones Financial Companies Lllp lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 325.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 846 shares of the industrial products company’s stock after buying an additional 647 shares during the quarter. Jones Financial Companies Lllp’s holdings in Crown were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CCK. Brooklyn Investment Group acquired a new position in Crown during the 3rd quarter valued at $44,000. GAMMA Investing LLC raised its stake in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 117 shares during the last quarter. True Wealth Design LLC raised its stake in Crown by 6,850.0% during the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 685 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock valued at $68,000 after buying an additional 269 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Up 1.2 %

CCK opened at $90.13 on Tuesday. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The firm’s 50-day simple moving average is $86.91 and its 200-day simple moving average is $89.53. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio is currently 29.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. UBS Group dropped their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Truist Financial increased their price objective on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.