180 Wealth Advisors LLC raised its position in shares of Ball Co. (NYSE:BALL – Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,188 shares of the company’s stock after acquiring an additional 2,505 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Ball were worth $1,885,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Federated Hermes Inc. boosted its holdings in shares of Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after buying an additional 162 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Ball by 4.5% during the third quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock worth $302,000 after acquiring an additional 192 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Ball by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock worth $1,147,000 after acquiring an additional 199 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in Ball by 7.6% in the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after purchasing an additional 215 shares during the period. Finally, Empirical Finance LLC increased its stake in Ball by 2.0% in the third quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BALL. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Ball in a research note on Monday, November 4th. UBS Group raised Ball from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $62.00 to $58.00 in a research note on Friday. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on shares of Ball from $61.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Truist Financial reduced their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.75.
Ball Stock Up 2.2 %
Ball stock opened at $53.18 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $58.16 and a 200-day moving average price of $61.76. Ball Co. has a twelve month low of $51.96 and a twelve month high of $71.32. The company has a market capitalization of $15.87 billion, a P/E ratio of 4.01, a P/E/G ratio of 1.44 and a beta of 0.93.
Ball (NYSE:BALL – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. As a group, equities analysts predict that Ball Co. will post 3.15 EPS for the current year.
Ball Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.50%. Ball’s dividend payout ratio is currently 6.03%.
Ball Profile
Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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