Crown Holdings, Inc. $CCK Shares Sold by Cobalt Capital Management Inc.

Cobalt Capital Management Inc. reduced its holdings in Crown Holdings, Inc. (NYSE:CCK) by 66.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the industrial products company’s stock after selling 20,000 shares during the period. Crown comprises 0.5% of Cobalt Capital Management Inc.’s holdings, making the stock its 23rd largest position. Cobalt Capital Management Inc.’s holdings in Crown were worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in Crown by 2.1% in the third quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after purchasing an additional 93,045 shares during the period. AQR Capital Management LLC grew its holdings in Crown by 19.3% in the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after purchasing an additional 670,412 shares during the period. Franklin Resources Inc. grew its holdings in Crown by 5.3% in the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after purchasing an additional 149,700 shares during the period. Swedbank AB grew its holdings in Crown by 1.9% in the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock valued at $261,666,000 after purchasing an additional 47,613 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Crown by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,945,011 shares of the industrial products company’s stock valued at $200,286,000 after purchasing an additional 215,898 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer owned 451,070 shares in the company, valued at approximately $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of Crown stock opened at $101.92 on Thursday. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $116.62. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.69 and a beta of 0.63. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. The business’s 50 day moving average price is $99.80 and its 200 day moving average price is $103.12.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $1.67 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. On average, research analysts predict that Crown Holdings, Inc. will post 8.05 EPS for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCK. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target on the stock in a research note on Monday, May 18th. Royal Bank Of Canada lowered their price target on Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Truist Financial lowered their price target on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Bank of America lowered their price target on Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Wells Fargo & Company lowered their price target on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.00.

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.