Crown Holdings, Inc. (CCK) Holdings Raised by Hallmark Capital Management Inc.
Hallmark Capital Management Inc. grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,649 shares of the industrial products company’s stock after acquiring an additional 2,930 shares during the quarter. Crown Holdings accounts for about 2.0% of Hallmark Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Hallmark Capital Management Inc. owned about 0.20% of Crown Holdings worth $16,283,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank increased its holdings in shares of Crown Holdings by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 185 shares in the last quarter. Creative Planning grew its holdings in shares of Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after buying an additional 23 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of Crown Holdings during the third quarter worth about $207,000. Acrospire Investment Management LLC grew its holdings in shares of Crown Holdings by 1,990.5% during the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock worth $249,000 after buying an additional 3,981 shares in the last quarter. Finally, Pennsylvania Trust Co bought a new position in shares of Crown Holdings during the second quarter worth about $251,000. Institutional investors own 90.76% of the company’s stock.
Shares of Crown Holdings, Inc. (NYSE:CCK) traded up 1.00% on Wednesday, reaching $60.77. The company had a trading volume of 332,645 shares. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $61.61. The stock has a market cap of $8.22 billion, a PE ratio of 17.41 and a beta of 1.40. The stock has a 50-day moving average price of $60.28 and a 200-day moving average price of $58.54.
Crown Holdings (NYSE:CCK) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. Crown Holdings had a return on equity of 65.80% and a net margin of 5.64%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts predict that Crown Holdings, Inc. will post $4.04 earnings per share for the current fiscal year.
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CCK has been the subject of a number of research reports. Zacks Investment Research upgraded Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price objective on shares of Crown Holdings in a report on Wednesday, July 12th. BidaskClub downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price objective (up from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $61.00 price objective (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Crown Holdings presently has a consensus rating of “Hold” and an average target price of $64.20.
Crown Holdings Profile
Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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