Ball Co. (NYSE:BALL) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in Ball Co. (NYSE:BALL) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 168,440 shares of the company’s stock after selling 1,831 shares during the period. Mackenzie Financial Corp’s holdings in Ball were worth $9,689,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BALL. Quarry LP boosted its holdings in shares of Ball by 446.3% in the 2nd quarter. Quarry LP now owns 448 shares of the company’s stock valued at $26,000 after buying an additional 366 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Ball in the 4th quarter valued at $26,000. Covington Capital Management acquired a new stake in Ball during the 3rd quarter worth $26,000. Deseret Mutual Benefit Administrators boosted its stake in Ball by 80.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Ball during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $64.95 on Friday. The company has a 50-day simple moving average of $64.63 and a 200-day simple moving average of $57.30. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $20.50 billion, a PE ratio of 29.00, a P/E/G ratio of 4.11 and a beta of 0.89. Ball Co. has a 52-week low of $42.81 and a 52-week high of $67.97.

Ball (NYSE:BALL) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. Equities research analysts predict that Ball Co. will post 3.11 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. Ball’s dividend payout ratio is presently 35.71%.

Insider Buying and Selling at Ball

In other Ball news, insider Daniel William Fisher bought 3,869 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the acquisition, the insider now owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent research reports. Jefferies Financial Group increased their price target on shares of Ball from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Truist Financial reiterated a “hold” rating and set a $60.00 price target on shares of Ball in a research note on Friday, April 12th. Wolfe Research initiated coverage on shares of Ball in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Morgan Stanley started coverage on shares of Ball in a research note on Monday, March 18th. They set an “equal weight” rating and a $68.00 price target for the company. Finally, Royal Bank of Canada upgraded shares of Ball from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $61.00 to $74.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ball presently has an average rating of “Hold” and an average target price of $65.58.

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.