UBS Group AG Raises Stock Holdings in Ball Co. (NYSE:BALL)

UBS Group AG raised its position in Ball Co. (NYSE:BALLFree Report) by 69.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 592,488 shares of the company’s stock after buying an additional 243,404 shares during the quarter. UBS Group AG owned approximately 0.19% of Ball worth $34,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators increased its holdings in shares of Ball by 80.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. NBC Securities Inc. acquired a new position in Ball during the third quarter worth $29,000. Wetzel Investment Advisors Inc. acquired a new position in Ball during the fourth quarter worth $43,000. Friedenthal Financial acquired a new position in Ball during the fourth quarter worth $43,000. Finally, Salem Investment Counselors Inc. acquired a new position in Ball during the fourth quarter worth $57,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BALL. JPMorgan Chase & Co. upped their price objective on Ball from $59.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Citigroup began coverage on Ball in a report on Wednesday, March 27th. They set a “neutral” rating and a $70.00 price objective on the stock. Truist Financial upped their price objective on Ball from $60.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Morgan Stanley initiated coverage on Ball in a research report on Monday, March 18th. They issued an “equal weight” rating and a $68.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Ball from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ball has a consensus rating of “Hold” and an average price target of $69.23.

Read Our Latest Analysis on BALL

Ball Stock Up 0.5 %

BALL opened at $68.88 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.75. The firm has a market cap of $21.38 billion, a P/E ratio of 5.18, a PEG ratio of 1.89 and a beta of 0.87. Ball Co. has a 52 week low of $42.81 and a 52 week high of $71.32. The business’s fifty day simple moving average is $67.43 and its 200 day simple moving average is $61.31.

Ball (NYSE:BALLGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.23 billion. Ball had a return on equity of 21.79% and a net margin of 31.42%. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts anticipate that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, June 3rd. Ball’s payout ratio is 6.02%.

Ball declared that its board has approved a share repurchase program on Wednesday, April 24th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Ball news, insider Daniel William Fisher purchased 3,869 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $64.56 per share, with a total value of $249,782.64. Following the purchase, the insider now owns 111,866 shares in the company, valued at $7,222,068.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Pedro Henrique Mariani sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $69.90, for a total value of $349,500.00. Following the transaction, the director now directly owns 9,844 shares in the company, valued at approximately $688,095.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel William Fisher acquired 3,869 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the acquisition, the insider now owns 111,866 shares in the company, valued at $7,222,068.96. The disclosure for this purchase can be found here. 0.81% of the stock is owned by corporate insiders.

About Ball

(Free Report)

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.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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