Ball Co. (NYSE:BALL) Stock Position Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in Ball Co. (NYSE:BALLFree Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,766 shares of the company’s stock after purchasing an additional 2,040 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ball were worth $2,287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jag Capital Management LLC boosted its stake in Ball by 0.7% during the fourth quarter. Jag Capital Management LLC now owns 25,562 shares of the company’s stock valued at $1,470,000 after buying an additional 169 shares in the last quarter. NBC Securities Inc. boosted its stake in Ball by 31.0% during the fourth quarter. NBC Securities Inc. now owns 769 shares of the company’s stock valued at $44,000 after buying an additional 182 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Ball by 2.6% during the fourth quarter. QRG Capital Management Inc. now owns 7,704 shares of the company’s stock valued at $443,000 after buying an additional 194 shares in the last quarter. JGP Wealth Management LLC boosted its stake in Ball by 1.3% during the fourth quarter. JGP Wealth Management LLC now owns 15,896 shares of the company’s stock valued at $914,000 after buying an additional 208 shares in the last quarter. Finally, Wealthsource Partners LLC boosted its stake in Ball by 4.7% during the third quarter. Wealthsource Partners LLC now owns 4,784 shares of the company’s stock valued at $238,000 after buying an additional 215 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BALL. Truist Financial raised their target price on Ball from $60.00 to $67.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Citigroup started coverage on Ball in a research report on Wednesday, March 27th. They issued a “neutral” rating and a $70.00 price target for the company. Robert W. Baird increased their price target on Ball from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wolfe Research started coverage on Ball in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.23.

View Our Latest Stock Analysis on Ball

Insider Buying and Selling

In other Ball news, Director Pedro Henrique Mariani sold 5,000 shares of Ball stock in a transaction on Friday, May 17th. The stock was sold at an average price of $69.90, for a total value of $349,500.00. Following the completion of the transaction, the director now owns 9,844 shares in the company, valued at approximately $688,095.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ball news, Director Pedro Henrique Mariani sold 5,000 shares of Ball stock in a transaction on Friday, May 17th. The stock was sold at an average price of $69.90, for a total value of $349,500.00. Following the completion of the transaction, the director now owns 9,844 shares in the company, valued at approximately $688,095.60. The sale was disclosed in a filing with the SEC, which is available at 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 stock was acquired at an average price of $64.56 per share, with a total value of $249,782.64. Following the transaction, the insider now owns 111,866 shares in the company, valued at approximately $7,222,068.96. The disclosure for this purchase can be found here. 0.81% of the stock is owned by corporate insiders.

Ball Stock Down 1.9 %

Shares of Ball stock opened at $68.47 on Monday. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32. The company has a market cap of $21.25 billion, a P/E ratio of 5.15, a P/E/G ratio of 1.88 and a beta of 0.90. The stock has a 50-day moving average price of $67.96 and a 200 day moving average price of $62.54. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75.

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

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Ball’s dividend payout ratio (DPR) is presently 6.02%.

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

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.

Further Reading

Institutional Ownership by Quarter for Ball (NYSE:BALL)

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