Ball Co. (NYSE:BALL) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its holdings in Ball Co. (NYSE:BALLFree Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,160 shares of the company’s stock after selling 4,371 shares during the period. Advisory Services Network LLC’s holdings in Ball were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Ball during the fourth quarter worth about $168,372,000. Boston Partners acquired a new stake in Ball during the fourth quarter worth about $109,022,000. DekaBank Deutsche Girozentrale increased its position in Ball by 146.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,470,641 shares of the company’s stock worth $71,730,000 after purchasing an additional 874,325 shares during the last quarter. Mirova US LLC increased its position in Ball by 49.2% during the fourth quarter. Mirova US LLC now owns 2,527,925 shares of the company’s stock worth $145,406,000 after purchasing an additional 833,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ball by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,134,123 shares of the company’s stock worth $122,764,000 after purchasing an additional 381,780 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Down 0.3 %

NYSE BALL opened at $69.79 on Friday. The firm has a 50 day simple moving average of $67.94 and a 200-day simple moving average of $62.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 1.21. Ball Co. has a one year low of $42.81 and a one year high of $71.32. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 1.90 and a beta of 0.90.

Ball (NYSE:BALLGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Ball had a net margin of 31.42% and a return on equity of 21.79%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. Equities research analysts anticipate that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball announced that its board has authorized a share repurchase program on Wednesday, April 24th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. Ball’s dividend payout ratio is currently 6.02%.

Insider Buying and Selling

In other news, insider Daniel William Fisher purchased 3,869 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price 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 of the company’s stock, valued at $7,222,068.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ball news, Director Pedro Henrique Mariani sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $69.90, for a total transaction of $349,500.00. Following the sale, the director now owns 9,844 shares of the company’s stock, valued at $688,095.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Fisher acquired 3,869 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought 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 disclosure for this purchase can be found here. 0.81% of the stock is owned by insiders.

Analyst Ratings Changes

BALL has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Ball from $60.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Citigroup began coverage on shares of Ball in a research note on Wednesday, March 27th. They set a “neutral” rating and a $70.00 target price for the company. Wolfe Research began coverage on shares of Ball in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company increased their target price on shares of Ball from $65.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Finally, Mizuho increased their target price on shares of Ball from $63.00 to $69.00 and gave the stock a “neutral” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.23.

Get Our Latest Research Report on BALL

Ball Profile

(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.

Featured Stories

Want to see what other hedge funds are holding BALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Co. (NYSE:BALLFree Report).

Institutional Ownership by Quarter for Ball (NYSE:BALL)

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.