ORG Wealth Partners LLC Has $79,000 Stake in Ball Co. (NYSE:BALL)

ORG Wealth Partners LLC raised its holdings in Ball Co. (NYSE:BALL) by 298.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,428 shares of the company’s stock after buying an additional 1,070 shares during the period. ORG Wealth Partners LLC’s holdings in Ball were worth $79,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BALL. Franklin Resources Inc. raised its holdings in Ball by 4.7% during the third quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock worth $453,144,000 after acquiring an additional 309,587 shares in the last quarter. FMR LLC raised its stake in shares of Ball by 15.4% during the 3rd quarter. FMR LLC now owns 4,418,570 shares of the company’s stock worth $300,065,000 after purchasing an additional 588,282 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ball by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after buying an additional 171,924 shares during the last quarter. Raymond James & Associates increased its holdings in Ball by 6.1% during the third quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock worth $116,864,000 after buying an additional 99,306 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Ball by 458.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock worth $61,139,000 after buying an additional 836,293 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 2.7 %

Shares of BALL stock opened at $52.01 on Friday. The stock has a market cap of $15.52 billion, a P/E ratio of 3.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $58.29 and a 200 day simple moving average of $61.81.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s dividend payout ratio is currently 6.03%.

Analyst Ratings Changes

Several analysts have issued reports on BALL shares. Wells Fargo & Company dropped their price objective on Ball from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. UBS Group raised Ball from a “sell” rating to a “neutral” rating and cut their price target for the company from $62.00 to $58.00 in a report on Friday. Citigroup decreased their price objective on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, December 10th. Finally, Truist Financial decreased their price target on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Six 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

About Ball

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.