Hsbc Holdings PLC Decreases Stock Holdings in Crown Holdings, Inc. $CCK

Hsbc Holdings PLC decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 75.8% during the second quarter, Holdings Channel reports. The firm owned 52,901 shares of the industrial products company’s stock after selling 165,640 shares during the quarter. Hsbc Holdings PLC’s holdings in Crown were worth $5,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Crown in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Crown in the 4th quarter worth $42,000. Smartleaf Asset Management LLC grew its holdings in shares of Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 151 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of Crown by 23.8% in the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity at Crown

In other news, CEO Timothy Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

CCK has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. UBS Group boosted their price target on Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and upped their price target for the company from $107.00 to $121.00 in a research report on Wednesday, July 22nd. DA Davidson lowered their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Crown Stock Performance

NYSE:CCK opened at $111.66 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05. The stock has a 50-day simple moving average of $116.64 and a two-hundred day simple moving average of $107.73. The firm has a market capitalization of $12.14 billion, a PE ratio of 16.07, a P/E/G ratio of 1.59 and a beta of 0.58. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $122.91.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Analysts forecast that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. Crown’s dividend payout ratio is 20.14%.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.