California Public Employees Retirement System Sells 12,245 Shares of Crown Holdings, Inc. $CCK

California Public Employees Retirement System cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,529 shares of the industrial products company’s stock after selling 12,245 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Crown worth $29,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CCK. Cetera Investment Advisers boosted its holdings in Crown by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 9,786 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 1,985 shares during the period. LPL Financial LLC lifted its stake in shares of Crown by 33.9% in the first quarter. LPL Financial LLC now owns 31,973 shares of the industrial products company’s stock valued at $2,854,000 after buying an additional 8,092 shares during the period. US Bancorp DE lifted its stake in shares of Crown by 23.5% in the first quarter. US Bancorp DE now owns 3,753 shares of the industrial products company’s stock valued at $335,000 after buying an additional 714 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Crown during the first quarter worth about $482,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Crown by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 822,332 shares of the industrial products company’s stock valued at $73,401,000 after acquiring an additional 9,858 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CCK shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday. Wells Fargo & Company raised their target price on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Mizuho lifted their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.08.

Crown Stock Up 0.9%

Shares of NYSE CCK opened at $95.06 on Thursday. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The business has a fifty day moving average of $96.18 and a two-hundred day moving average of $98.96. The stock has a market cap of $10.97 billion, a PE ratio of 11.77, a PEG ratio of 1.28 and a beta of 0.76.

Crown (NYSE:CCK) last announced its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 26.86%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $1.99 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Crown’s payout ratio is 12.87%.

About Crown

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.