Intech Investment Management LLC Invests $1.19 Million in Ball Co. (NYSE:BALL)

Intech Investment Management LLC acquired a new stake in Ball Co. (NYSE:BALL – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 23,239 shares of the company’s stock, valued at approximately $1,188,000.

Several other institutional investors have also added to or reduced their stakes in BALL. BerganKDV Wealth Management LLC acquired a new position in Ball during the fourth quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Ball during the 4th quarter worth about $26,000. Glassman Wealth Services bought a new position in shares of Ball in the 4th quarter valued at about $26,000. Covington Capital Management acquired a new stake in shares of Ball in the third quarter valued at about $26,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in Ball during the fourth quarter valued at approximately $31,000. 82.65% of the stock is owned by institutional investors.

Ball Stock Down 0.8 %

Shares of BALL opened at $54.60 on Friday. The firm has a 50 day simple moving average of $53.52 and a two-hundred day simple moving average of $54.45. The company has a market cap of $17.17 billion, a P/E ratio of 38.45, a P/E/G ratio of 3.60 and a beta of 0.78. Ball Co. has a one year low of $46.00 and a one year high of $74.49. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.76 and a quick ratio of 0.46.

Ball (NYSE:BALL – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.69 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 analysts’ expectations 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 quarter in the previous year, the firm earned $0.77 EPS. Research analysts forecast that Ball Co. will post 3.06 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Ball’s payout ratio is presently 56.34%.

Analyst Ratings Changes

BALL has been the topic of a number of analyst reports. Truist Financial reiterated a “hold” rating and set a $58.00 price objective on shares of Ball in a research note on Wednesday, April 12th. Mizuho increased their price target on Ball from $58.00 to $59.00 in a research note on Tuesday, April 18th. JPMorgan Chase & Co. upped their price objective on shares of Ball from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Ball from $46.00 to $51.00 and gave the stock an “underweight” rating in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.67.

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.