Bank of America Corp DE Has $86.94 Million Stock Position in Crown Holdings, Inc. $CCK

Bank of America Corp DE lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 11.3% during the first quarter, HoldingsChannel reports. The firm owned 867,271 shares of the industrial products company’s stock after selling 110,545 shares during the quarter. Bank of America Corp DE’s holdings in Crown were worth $86,944,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CCK. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the third quarter worth $29,000. Geneos Wealth Management Inc. raised its position in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Crown in the fourth quarter valued at $42,000. Smartleaf Asset Management LLC lifted its stake in Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 151 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Crown by 23.8% in the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research note on Wednesday, July 22nd. Truist Financial reiterated a “buy” rating and set a $141.00 price target (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings upgraded Crown from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Price Performance

Shares of CCK opened at $120.85 on Friday. The company’s 50-day moving average is $109.25 and its 200-day moving average is $106.28. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. The firm has a market capitalization of $13.14 billion, a PE ratio of 17.39, a PEG ratio of 1.69 and a beta of 0.59. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $122.91.

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

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s payout ratio is currently 20.14%.

About Crown

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.