Northwestern Mutual Wealth Management Co. lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,786 shares of the industrial products company’s stock after purchasing an additional 8,773 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.12% of Crown Holdings worth $9,413,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Crown Holdings by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after purchasing an additional 453,693 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Crown Holdings by 11.9% during the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after acquiring an additional 997,113 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Crown Holdings by 3.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock worth $480,762,000 after acquiring an additional 338,416 shares during the period. BlackRock Inc. grew its holdings in Crown Holdings by 5,730.2% during the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after acquiring an additional 8,016,500 shares during the period. Finally, Boston Partners grew its holdings in Crown Holdings by 1.2% during the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after acquiring an additional 64,738 shares during the period. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Shares of Crown Holdings, Inc. (CCK) traded up 0.39% during mid-day trading on Friday, reaching $58.99. The company’s stock had a trading volume of 560,002 shares. The company’s 50 day moving average price is $58.55 and its 200-day moving average price is $56.64. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 16.90 and a beta of 1.39. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $60.96.

Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, June 6th. BidaskClub lowered Crown Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC set a $70.00 target price on Crown Holdings and gave the stock a “buy” rating in a report on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a $61.00 target price (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.56.

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Crown Holdings Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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