Baker Ellis Asset Management LLC Trims Holdings in Ball Co. (NYSE:BALL)

Baker Ellis Asset Management LLC decreased its holdings in Ball Co. (NYSE:BALL) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,644 shares of the company’s stock after selling 623 shares during the period. Baker Ellis Asset Management LLC’s holdings in Ball were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moors & Cabot Inc. increased its stake in Ball by 4.5% in the third quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock worth $302,000 after purchasing an additional 192 shares during the period. Advisors Asset Management Inc. increased its stake in Ball by 1.2% in the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock worth $1,147,000 after purchasing an additional 199 shares during the period. Park Avenue Securities LLC increased its stake in Ball by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock worth $556,000 after purchasing an additional 210 shares during the period. Opal Wealth Advisors LLC grew its position in shares of Ball by 7.6% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after buying an additional 215 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Ball by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock worth $745,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price objective on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday, December 10th. Citigroup dropped their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. Finally, Morgan Stanley dropped their price objective on Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Price Performance

BALL stock opened at $54.32 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The firm has a market capitalization of $16.21 billion, a P/E ratio of 4.10, a P/E/G ratio of 1.30 and a beta of 0.93. The business’s 50-day moving average is $57.46 and its two-hundred day moving average is $61.53. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. Analysts anticipate that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Company 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.