Yousif Capital Management LLC Has $2.50 Million Holdings in Ball Co. (NYSE:BALL)

Yousif Capital Management LLC trimmed its position in shares of Ball Co. (NYSE:BALL) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,464 shares of the company’s stock after selling 1,770 shares during the quarter. Yousif Capital Management LLC’s holdings in Ball were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Ball by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 5,853,923 shares of the company’s stock valued at $291,408,000 after purchasing an additional 72,585 shares during the last quarter. Northern Trust Corp boosted its position in Ball by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,138,780 shares of the company’s stock valued at $156,248,000 after buying an additional 115,133 shares during the last quarter. Jensen Investment Management Inc. increased its stake in shares of Ball by 3.1% in the 3rd quarter. Jensen Investment Management Inc. now owns 3,126,992 shares of the company’s stock valued at $155,662,000 after buying an additional 95,415 shares during the period. Invesco Ltd. increased its stake in shares of Ball by 9.3% in the 3rd quarter. Invesco Ltd. now owns 2,764,571 shares of the company’s stock valued at $137,620,000 after buying an additional 234,363 shares during the period. Finally, FMR LLC raised its position in shares of Ball by 1.5% during the third quarter. FMR LLC now owns 2,577,015 shares of the company’s stock worth $128,284,000 after acquiring an additional 37,492 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity

In related news, insider Daniel William Fisher purchased 3,869 shares of the firm’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 completion of the purchase, the insider now directly owns 111,866 shares in the company, valued at $7,222,068.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America upgraded Ball from an “underperform” rating to a “buy” rating and raised their price target for the company from $61.00 to $72.00 in a report on Monday, March 4th. Citigroup assumed coverage on shares of Ball in a research note on Wednesday, March 27th. They issued a “neutral” rating and a $70.00 target price on the stock. Morgan Stanley initiated 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. Truist Financial increased their price objective on shares of Ball from $60.00 to $67.00 and gave the company a “hold” rating in a report on Monday. Finally, UBS Group initiated coverage on shares of Ball in a report on Tuesday, January 16th. They set a “sell” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.08.

Ball Trading Up 1.3 %

NYSE:BALL opened at $70.72 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.21 and a quick ratio of 0.93. The business’s 50-day simple moving average is $65.29 and its 200-day simple moving average is $58.30. Ball Co. has a fifty-two week low of $42.81 and a fifty-two week high of $70.82. The stock has a market capitalization of $22.32 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 4.51 and a beta of 0.89.

Ball (NYSE:BALL) last announced its earnings results on Friday, April 26th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $3.23 billion. Ball had a net margin of 31.42% and a return on equity of 21.79%. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. Sell-side analysts expect that Ball Co. will post 3.09 earnings per share for the current fiscal year.

Ball announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 24th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.13%. Ball’s dividend payout ratio is 6.02%.

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.