Nordea Investment Management AB Invests $1.05 Million in Ball Co. (NYSE:BALL)

Nordea Investment Management AB bought a new position in Ball Co. (NYSE:BALL – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,497 shares of the company’s stock, valued at approximately $1,048,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BALL. BerganKDV Wealth Management LLC bought a new stake in Ball in the fourth quarter valued at $25,000. Farmers & Merchants Investments Inc. purchased a new position in Ball during the fourth quarter valued at $26,000. Glassman Wealth Services purchased a new position in Ball during the fourth quarter valued at $26,000. Covington Capital Management purchased a new position in Ball during the third quarter valued at $26,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Ball in the 3rd quarter worth about $30,000. Institutional investors own 82.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BALL. Mizuho lifted their price target on Ball from $58.00 to $59.00 in a research report on Tuesday, April 18th. Wells Fargo & Company lifted their price target on Ball from $46.00 to $51.00 and gave the stock an “underweight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price target on Ball from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $58.00 price target on shares of Ball in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.56.

Ball Stock Down 1.6 %

NYSE BALL opened at $56.20 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.46 and a current ratio of 0.76. The company has a market capitalization of $17.68 billion, a P/E ratio of 39.58, a P/E/G ratio of 3.86 and a beta of 0.78. Ball Co. has a one year low of $46.00 and a one year high of $75.32. The stock has a 50 day moving average price of $53.45 and a 200-day moving average price of $54.22.

Ball (NYSE:BALL – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.57 billion. Ball had a return on equity of 23.92% and a net margin of 2.98%. Ball’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. As a group, equities analysts predict that Ball Co. will post 3.04 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. Ball’s dividend payout ratio is presently 56.34%.

About Ball

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Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.