Crown Holdings, Inc. (CCK) To Go Ex-Dividend on November 5th

Crown Holdings, Inc. (NYSE:CCK) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given a dividend of $0.35 per share by the industrial products company on Thursday, November 19th. This represents a $1.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 5th.

Crown has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Crown to earn $9.17 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 15.3%.

Crown Trading Up 3.3%

CCK opened at $123.14 on Tuesday. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.45 and a beta of 0.56. Crown has a fifty-two week low of $91.31 and a fifty-two week high of $123.33. The company’s 50 day moving average price is $112.87 and its two-hundred day moving average price is $108.55. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.14 and a quick ratio of 0.71.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.13. Crown had a return on equity of 27.41% and a net margin of 5.78%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the company earned $2.24 EPS. Crown’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts predict that Crown will post 8.41 earnings per share for the current year.

Institutional Investors Weigh In On Crown

Several hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. bought a new stake in Crown in the third quarter valued at approximately $544,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Crown during the 3rd quarter valued at about $215,000. Kestra Advisory Services LLC boosted its position in Crown by 71.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 13,302 shares of the industrial products company’s stock valued at $1,402,000 after acquiring an additional 5,548 shares in the last quarter. Quadcap Wealth Management LLC bought a new stake in shares of Crown during the third quarter valued at approximately $534,000. Finally, Chicago Partners Investment Group LLC grew its position in shares of Crown by 43.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,217 shares of the industrial products company’s stock worth $2,019,000 after buying an additional 5,191 shares during the period. 90.93% of the stock is currently owned by institutional investors.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.

The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown’s products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.